NZ unemployment hits record low

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WELLINGTON, Nov 8 (AFP): New Zealand's unemployment rate hit a record low of 3.5 per cent in the September quarter, the lowest rate since the current measure was adopted in 1986, Statistics New Zealand said.
New Zealand's unemployment rate is the fifth lowest in the OECD club of developed nations, with Norway boasting the lowest rate of 2.5 per cent.
The rate was down from 3.6 per cent in the previous three months but the figures also showed that employment fell by 0.3 per cent as fewer people sought work.
During the quarter, the work force participation rate-those in work or looking for it-fell from a record 68.8 per cent to 68.3 per cent.