New Zealand Unemployment Rate Falls to 6.6%

During the March 2011 quarter, the unemployment rate fell to 6.6 percent. This fall was the result of employment rising (by 30,000 people) and unemployment falling (by 2,000 people).

During the March 2011 quarter, both part-time employment and full-time employment rose (up 4.0 percent and 0.5 percent, respectively). Usual hours worked per week rose this quarter by 1.2 percent while actual hours worked fell by 0.9 percent.

The labour force participation rate increased to 68.7 percent in the March 2011 quarter. Male participation rose by 0.6 percentage points while female participation rose by 0.8 percentage points., Statistics New Zealand
5/25/2011 1:33:31 PM