fxstreet.com 03 Feb, 2021 08:15 am

Unemployment rate should continue to decline in 2021 – CE

Unemployment rate should continue to decline in 2021 – CE
The unemployment rate fell from 5.3% to 4.9% in the December quarter, against expectations of an increase. According to economists at Capital Economic

The unemployment rate fell from 5.According to economists at Capital Economics, the fall in the unemployment rate to 4.1ppt rise in the participation rate which means the unemployment rate fell to 4.” “The strength in employment growth came despite the ending of the government’s generous wage subsidy for the last of the eligible employees, which should end any concerns that the programme was keeping the unemployment rate artificially low.

” “We think the unemployment rate will fall to near 4% by the end of 2022.That’s much more optimistic than the RBNZ’s forecast that the unemployment rate will rise to a peak of 6.

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