WELLINGTON, Feb 1 (Reuters) - New Zealand's jobless rate
rose to 3.4% in the fourth quarter even as employment increased
0.2%, according to data released by Statistics New Zealand on
Wednesday.
The participation rate remained at a record high of 71.7% in
the fourth quarter, in line with forecasts.
Economists polled by Reuters had forecast an unemployment
rate of 3.3% and employment growth of 0.3%.
Statistics New Zealand data showed third quarter seasonally
adjusted private sector wages rose 4.3% on the previous year.
Wages were up 1.1% on the prior quarter.
(Reporting by Lucy Craymer
Editing by Chris Reese)
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