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Investor Presentaiton

Labour market tightening Source: Bloomberg % of labour force 7 6 5 4 3 2 Mar 00 Mar 04 % of working-age population - inv 61 62 63 64 65 66 67 68 69 70 71 72 Mar 12 Mar 16 Mar 08 ―NZ unemployment rate -NZ participation rate (rh) 7
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