Great employment news

NZ reports:

The seasonally adjusted rate dropped to 4.9 percent in the December 2020 quarter, from 5.3 percent in the September 2020 quarter, Stats NZ said today.

Last quarter's unemployment rate of 5.3 percent followed the largest increase observed in a single quarter since the series began in 1986.

This is good news for New Zealanders, and for the . It shows the benefits of a flexible economy that can respond to shocks in certain sectors.

The Australian unemployment rate is 6.6% so 4.9% is a very good result.

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