The New Zealand Unemployment Rate in the first quarter (Q1) of 2024 climbed to 4.3% from 4.0% in the fourth quarter, according to data published by Statistics New Zealand on Wednesday. The market consensus was a 4.2% print in the reported period.

Additionally, the Employment Change dropped by 0.2% in the first quarter from a 0.4% rise in the previous reading. This figure came in worse than the expectation of a 0.3% increase.