New Zealand boasts of one of the lowest unemployment rates around the world. Statistics New Zealand reported that over a three-month period, the rate dropped to four percent, making it the lowest decrease in 35 years. Unemployment is now lower than in the middle of 2019. Before the latest report, economists expected the unemployment rate would fall, but not near as much as it did. The Kiwi dollar increased almost USD 0.3c to USD 70.5c, also reaching a record in over a month.
The decrease in unemployment is right in line with other labor market signals. There are dropping numbers of people receiving pandemic benefits, increased New Zealand job openings, and the recent reports of a severe labor shortage. If you are considering relocating for a better job opportunity, contact Jobs Across the World. Their team of job specialists will match your skillset with the perfect job opening no matter where you are located.
Unemployment numbers have been showing a decrease of more than 1,000 a week in the past few months. Employers are increasing wages to keep staff and lure new workers. In the three months up to June 30th, the unemployment rate dropped to four percent. The total number of people not working dropped by 17,000.
A growing trend in the interconnected global economy is for workers to relocate to where the jobs are. Jobs Across the World will match your resume and skillset to the perfect position in one or more of the top relocation destinations. Thousands of businesses around the globe are looking for skilled foreign workers to fill job vacancies that can’t be filled by their local labor market.