Marlborough Region Quarterly economic monitor - December 2019

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Unemployment rate

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Highlights for Marlborough Region

  • The annual average unemployment rate in Marlborough Region was 2.9% in December 2019, down from 3.5% a year earlier.
  • The unemployment rate in Marlborough Region was lower than in New Zealand, where the unemployment rate averaged 4.1% over the year to December 2019.
  • Over the last ten years the unemployment rate reached a peak of 4.6% in December 2012;

National overview

Unemployment remains low at an annual average rate of 4.1% for the December 2019 quarter. Labour market tightness persists with rising full-time employment and a slight easing in labour market participation ensuring that employers need to work hard to attract and retain staff.