Unemployment falls

Stats NZ reports:

The unemployment rate fell to 4.8 percent in the June 2017 quarter (down from 4.9 percent in the March 2017 quarter) Stats NZ said today. This is the lowest unemployment rate since December 2008, after the start of the global financial crisis, when it was 4.4 percent. 

That’s not bad. The OECD average is 5.9%. We are in the top third of the OECD.