News in brief in our political economy on Monday included,
Unemployment and underemployment continued to fall in the March 2018 quarter, according to quarterly labour market statistics released by Stats NZ today. The unemployment rate is now 4.4 percent, the lowest since the December 2008 quarter. This represents a decrease of 0.1 percent from the previous quarter and an annual decrease of 0.5 percent.
Annual inflation stood at just 1.1 percent according to data released by Stats NZ on Wednesday, but economists predict that number will rise as tightness in the Labour market fuels wage increases. Thomas Coughlan reports.
The consumers price index (CPI) rose 0.5 percent in the March 2018 quarter, Stats NZ announced today. This is in line with the market expectations, but slightly above those of most bank economists here.