New Zealand’s seasonally adjusted unemployment rate edged up to 5.7% in the third quarter of 2026 from 5.6% in the previous quarter, exceeding market expectations of 5.5%. The number of unemployed people reached 174,000, while the underutilisation rate remained unchanged at 13.8%. Most employed people were paid employees working in permanent roles. Over the quarter, the share of part-time workers increased, contributing to declines in both usual and actual hours worked. Annual wage inflation was 2.1%, while average ordinary-time hourly earnings stood at NZ$44.86.
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