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New Zealand / Many more jobs but wages increase slowly

Employment increased strongly over the last three months of 2013; wages, not so much.

The number of people employed rose by 24,000 or 1.1 per cent in the December quarter, Statistics New Zealand reported, enough to offset a migration-fuelled increase in the labour force and still reduce the unemployment rate to 6 per cent from 6.2 per cent in September.

It is the lowest unemployment rate since June 2009 when it was also 6 per cent.

The latest quarterly rise in employment came on top of a strong 1.2 per cent increase in the September quarter. The second half of last year accounted for more than three-quarters of 2013’s rise in employment, which was 66,000 people or 3 per cent.

 

Chosen excerpts by Job Market Monitor. Read the whole story at Many more jobs but wages slow to increase – Business – NZ Herald News.

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