Unemployment in New Zealand rose in 3Q

04 November 2009 @ 05:11 pm EDT

Unemployment rate in New Zealand rose to 6.5% in the third quarter of this year compared with a previous 6.0%, and it came higher than analyst's estimates of 6.4%. Employment change declined 0.8% in the quarter ended September from the previous quarter following a decline by 0.4% and it came worse than the forecasted 0.3%. Employment change fell 1.8% in 3Q from a year earlier coming after a decline by 0.9%, and it was expected to drop 1.3%.

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