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Unemployment
declines as underutilisation rises – Media release

5 May 2021

The seasonally adjusted unemployment rate
decreased to 4.7 percent in the March 2021 quarter, continuing to fall
from its recent peak of 5.2 percent in the September 2020 quarter but remaining
high compared with recent years, Stats NZ said today.

Unemployment rates for men and women converged
at 4.7 percent, as the male rate rose from 4.5 percent last quarter and
the female rate fell from 5.3 percent.

“There have been some gains in labour market
outcomes, especially for women, over the past two quarters. However, annual
changes indicate the labour market still hasn’t returned to pre-COVID-19
levels for men or women,” work, wealth, and wellbeing statistics senior
manager Sean Broughton said.

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