New Zealand’s Unemployment Rate climbs to 5.7% in Q3 vs. 5.5% expected - www.tmgm.com

New Zealand’s Unemployment Rate ticked up to 5.7% in the third quarter (Q3) of 2026 from 5.6% in the second quarter, according to the official data released by Statistics New Zealand on Wednesday. The figure came in above the market consensus of 5.5%. Furthermore, New Zealand’s Employment Change arrived at -0.1% in Q3, down from 0.5% in Q2, compared with the consensus forecast of 0.4%. The participation rate in New Zealand decreased to 70.4% in Q3, compared to 70.7% in the previous reading. The New Zealand Dollar (NZD) attracts some sellers following the employment data. At the time of writing, the NZD/USD pair is trading 0.61% lower on the day to trade at 0.5583.