New Zealand's Unemployment Rate Drops To 3.4%
According to Deputy PM Grant Robertson, New Zealand recorded its lowest unemployment rate, matching its December 2007 record. The unemployment rate decreased to 3.4% in September from 4% in June. Furthermore, there was an increase in employment by 54,000 in the same quarter, out of which, 39,000 were women. Minister for Social Development and Employment, Carmel Sepuloni, stated that women's employment rate stood at 64.6%.