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The economy of New Zealand is a highly developed free-market economy. [23] ... [121] unemployment in New Zealand was very low. A recession and a collapse in wool ...
However, a regular unemployment benefit was not introduced until the passing of the Social Security Act in 1938; that benefit was "payable to a person 16 years of age and over who has been in New Zealand for at least 12 months and is unemployed, is capable of and willing to undertake suitable work, and has taken reasonable steps to secure ...
Unemployment rate (2021) [1] This is a list of countries by unemployment rate.Methods of calculation and presentation of unemployment rate vary from country to country. Some countries count insured unemployed only, some count those in receipt of welfare benefit only, some count the disabled and other permanently unemployable people, some countries count those who choose (and are financially ...
New Zealand (Māori: Aotearoa) is an island country in the southwestern Pacific Ocean. ... Unemployment peaked just above 10% in 1991 and 1992, [253] ...
This is a list of New Zealand's international rankings on a range of social, economic and other criteria. ... Unemployment rate – 48th lowest, at 4.0%. [3]
The New Zealand Government confirms it will invest between NZ$100–150 million in upgrading State Highway 76 in Christchurch. [46] It is announced that New Zealand's unemployment rate reaches 5.1%, the highest level since September 2020. [47]
This isn't New Zealand's first effort this year to attract more tourists. On January 27, the government eased visa restrictions to allow digital nomads to work remotely in the country.
Between 1985 and 1992, New Zealand's economy grew by 4.7% during the same period in which the average OECD nation grew by 28.2%. [51] [failed verification] From 1984 to 1993 inflation averaged 9% per year and New Zealand's credit rating dropped twice. [52] Between 1986 and 1992, the unemployment rate rose from 3.6% to 11%. [53]