Liam Dann: Jobs data shows we're through the worst of Covid shock 5 May, 2021 05:42 AM 5 minutes to read Unemployment fell to 4.7 per cent in the March quarter, beating the expectations of even the most optimistic economists. Photo / File Unemployment fell to 4.7 per cent in the March quarter, beating the expectations of even the most optimistic economists. Photo / File OPINION: The first three months of 2021 was supposed to be a real test of New Zealand's economic strength as the reality of the pandemic border closures hit home. Today's remarkably strong labour market data shows it was a test that we have passed.