New Zealand Reports 5.7% Unemployment and NZ$44.86 Hourly Earnings

On 4 November, Stats NZ released September-quarter labour-market figures showing unemployment at 5.7%, with 174,000 people unemployed. Average ordinary-time hourly earnings rose 2.9% annually to NZ$44.86, while the employment rate stood at 66.4%. The data provides valuable insight for employers, investors and recruitment companies assessing labour costs and workforce availability. HPC can provide economic research, industry analysis and labour-market intelligence.