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NZ jobless rate falls by more than expected in Q3

Published 01/11/2017, 09:21 am
Updated 01/11/2017, 09:30 am
© Reuters.  NZ jobless rate falls by more than expected in Q3

WELLINGTON, Nov 1 (Reuters) - New Zealand's jobless rate fell more than expected, dropping to 4.6 percent in the third quarter, according to data from Statistics New Zealand on Wednesday.

Economists polled by Reuters had forecast an unemployment rate of 4.7 percent, down from 4.8 percent in the second quarter. The New Zealand dollar NZD=D4 rose $0.6892 from around $0.6852 before the data release. (Charlotte Greenfield and Ana Nicolaci da Costa, editing by G Crosse)

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