FX.co ★ New Zealand Jobless Rate Holds at 5.1% in Q1

New Zealand's unemployment rate remained stable at 5.1% in the March quarter of 2025, consistent with the preceding quarter and lower than the anticipated 5.3%. The total number of unemployed individuals held firm at 156,000, with an equal distribution of 78,000 men and 78,000 women. The seasonally adjusted labor force participation rate saw a slight decrease to 70.8% from the previous quarter's 70.9%. In contrast, the underutilization rate experienced a minor rise to 12.3%, up from 12.1% in the earlier quarter.