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New Zealand unemployment at 4% in surprise fall during coronavirus pandemic – The Guardian
Data shows jobless rate at an eye-popping low of 4% after strict lockdown, but underemployment is higher
Figures showing joblessness in New Zealand has fallen during the coronavirus pandemic have been welcomed by the government and provoked shock and sharp scepticism from economists.
The government agency Statistics New Zealand on Wednesday produced an eye-popping figure of 4% unemployment for the three months to the end of June, down from 4.2% last quarter before coronavirus restrictions took hold.
In Mays budget, Treasury predicted the June rate would be 8.3%. New Zealands government in late Ma…
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