Construction job gains make up for tourism and media losses

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A ''remarkable'' drop in unemployment has been announced, being most unexpected given the impact of last year’s COVID-19 lockdowns. A significant contributor to the surprise result has been strong growth in construction activity. Statistics NZ data showed unemployment stood at 4.9 percent at the end of December, well below economists' expectations, while the accompanying household labour force survey found that many of the jobs lost were offset by construction. 

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