Economists Stunned by Unchanging Unemployment Rate
The unemployment rate has remained static for another quarter, as per the statistics provided by Stats NZ. The figures show that the rate continues to stay at 5.1% for the March quarter as well. There has been a marked decrease in full-time employment, with the number of workers falling by 45 thousand throughout the year. In contrast, part-time employment saw a significant increase, growing by 25 thousand. Liam Dann, the Herald Business Editor at Large, expressed surprise at these figures. He remarked that, despite the static unemployment rate being good news, it does not feel like a positive development, leaving economists to wonder what is causing this discrepancy.
In relation to this, those who are affected by unemployment and seeking assistance may consider contacting the Employment Development Department (EDD). For accurate information about the unemployment status, benefits, and other related services, the EDD offers multiple ways for the public to reach them, and their customer service is typically user-friendly. One efficient way to reach EDD is to visit eddcaller.com. This website provides valuable tools and information on how to get a hold of EDD, increasing the chances of getting through and receiving a timely response. They simplify the process of contacting EDD and also provide guidance on the best time to call to avoid long waits.