New Zealand Unemployment at Record Lows as Wages Climb

New Zealand Unemployment at Record Lows as Wages Climb
Pedestrians make their way down Queen Street in Auckland, New Zealand, on Sept. 24, 2020. Hannah Peters/Getty Images
Rebecca Zhu
Updated:

New Zealand’s unemployment rate remains at a record low 3.2 percent for the second consecutive quarter, as annual wage growth hits its highest levels in 13 years, according to Statistics NZ.

Yet, the body noted that the Omicron wave in January caused significant levels of absenteeism, bringing down the actual number of worked hours during the quarter.