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NEW ZEALAND

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<i> Times Staff and Wire Reports</i>

Jobless Rate Falls to 4 1/2-Year Low: The unemployment rate in the last quarter of 1994 fell to 7.5% as overall employment shot up to a record, the government said. The December quarter rate was slightly lower than economists had predicted and compared with a revised rate of 7.7% three months earlier. Unemployment is now at its lowest level since June, 1990.

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