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The Times

NZ has reached 'full employment' – but not all workers will benefit from a tighter labour market

  • Written by Michael P. Cameron, Associate Professor in Economics, University of Waikato
NZ has reached 'full employment' – but not all workers will benefit from a tighter labour marketGetty Images

New Zealand’s unemployment rate hit a low of 3.2% in the fourth quarter of 2021 and again in the first quarter of this year. That’s the lowest the rate has been since at least 1986, both overall and separately for men (3.1% in both quarters) and women (3.3% in both quarters).

However, that low unemployment rate still...

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