New Zealand Jobless Rate Drops to 11-Year Low, Wages Surge
A worker walks across a bridge past the construction site of the Park Hyatt hotel in Auckland, New Zealand. (Photographer: Brendon O’Hagan/Bloomberg)  

New Zealand Jobless Rate Drops to 11-Year Low, Wages Surge

(Bloomberg) -- New Zealand unemployment dropped to an 11-year low in the second quarter and wages surged after an increase in minimum pay rates.
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