Reality bites for job seekers as unemployment climbs

Reality bites for job seekers as unemployment climbs

Unemployment is at its highest level in more than a decade, but one expert sees a silver lining.

Reality bites for Kiwi job seekers as unemployment climbs

There was a feeling of “cautious optimism” at a business breakfast in Auckland this week, after warning signs began flashing in the jobs market. The latest figures, from Stats NZ, have revealed unemployment has risen to its highest level in more than a decade – 5.4 percent – with more people chasing work than jobs being created. A total of 165,000 people are now unemployed – that’s a rise of 4000 on the previous quarter and 10,000 on a year ago.…