New Zealand’s unemployment rate rose to 5.3% in the September quarter — its highest level in nearly nine years — as businesses froze hiring and wage growth slowed to a five-year low.
Stats NZ reported 160,000 people were unemployed, including 22,700 out of work for more than a year, while youth unemployment hit 15.2%.
Underutilisation, a broader measure of job market slack, climbed to 12.9%, and total employment was unchanged from the previous quarter.
Wage growth slowed to 2.1% compared with 3% inflation, putting pressure on households. The data, largely in line with forecasts, is expected to support another Reserve Bank interest rate cut later this month.
Finance Minister Nicola Willis said the government’s economic measures, including tax relief and infrastructure investment, aim to restore “confidence and job growth”.
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All kiwi’s but migrants are employed or on acc go figure…😡😡😡
And the Christchurch Mosque Attack False Flag mob?
More like unemployable
Redundant Crisis Actors
https://chchtruth.com/
Dismal mismanagement of the economy, chronic government waste, excessive taxation, all contributors to a lack of job creation and people leaving for Australia and elsewhere, because its either that or be unemployed. Its not only those without an education departing either. Even the educated leave because of a lack of opportunity or because incomes are markedly higher elsewhere. All fixable but first we need good government not more self serving globalist opportunists.Stay tuned this election, to see if people have finally woken up.