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New Zealand's unemployment rate unexpectedly stayed at 5.1%, with shifts toward part-time work and slowed wage growth.
New Zealand's unemployment rate stayed at 5.1% in the March 2025 quarter, defying expectations of a rise.
Despite a 0.7% increase in unemployment year-on-year, the number of unemployed remains at 156,000.
There's been a shift towards part-time work, with 45,000 fewer people in full-time jobs and 25,000 more in part-time roles.
Wage growth moderated to 0.5% in the quarter, with public sector wages growing faster than private sector wages.
The underutilization rate slightly increased to 12.3%.
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La tasa de desempleo de Nueva Zelanda se mantuvo inesperadamente en el 5,1%, con cambios hacia el trabajo a tiempo parcial y una desaceleración en el crecimiento salarial.