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NZ labour market statistics: December 2024 quarter
Key facts: In the December 2024 quarter, compared with the September 2024 quarter, the: • unemployment rate was 5.1 percent, compared with 4.8 percent • underutilisation rate was 12.1 percent, up from 11.6 percent • employment rate was 67.4 percent, compared with 67.7 percent (revised). In the year to the December 2024 quarter: • all salary and wage rates (including overtime) increased 3.3 percent • average weekly earnings (including overtime) for full-time equivalent employees (FTEs) increased to $1,651 • average ordinary time hourly earnings rose to $42.57. table Unemployment The seasonally adjusted ... (full story)