New Zealand Unemployment Q2 2022

The seasonally-adjusted unemployment rate rose to 3.3% in Q2 from Q1’s 3.2%, which had marked the lowest print since 1986.

Meanwhile, the underutilization rate—which includes both unemployment and underemployment—inched down to 9.2% in Q2 from 9.3% in Q1.

FocusEconomics panelists are still assessing the latest developments.