New Zealand now has the second-lowest unemployment rate in the Western world, after Switzerland, but the price may be higher interest rates next month.
Wednesday, November 12th 2003, 9:37PM
by The Landlord
At 4.4 per cent, New Zealand's jobless rate is back to levels last seen in late 1987 - the final year of the 1980s sharemarket boom. In the recession of the early 1990s, the jobless rate peaked at more than 11 per cent.
