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Unemployment Hits 8-Year High - 160,000 Kiwis Out of Work
- On November 5, Stats NZ released figures showing New Zealand's unemployment rose to 5.3 per cent, up from 5.2 in the previous June quarter and the highest in nearly nine years.
- Falling youth participation in the past year has increased as young people aged 15-24 returned to study, while last year's recession led firms to stop hiring or lay off staff.
- Employment counts reveal jobs lost over the past year total 18,000 while employed people number 2,873,000 and underutilised people reach a record 406,000.
- The data was largely in line with forecasts and is likely to support a 25 basis point cut in the Official Cash Rate to 2.25 percent later this month, Finance Minister Nicola Willis said.
- Looking across groups, young people aged 15-24 face an unemployment rate of 15.2 and NEET at 13.8, with 160,000 unemployed, the highest since 1994, and Māori and Pasifika unemployment at 10.5 and 12.1.
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North Island and under-30s hurting in highest jobless numbers in a decade
Proportion of NZers out of work rises to 5.3%, with 14.5% jobless for over a year The post North Island and under-30s hurting in highest jobless numbers in a decade appeared first on Newsroom.
·Auckland, New Zealand
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Unemployment rises to 5.3 per cent, 160,000 people out of work
Unemployment in New Zealand has risen to 5.3 per cent from 5.2 per cent in the previous June quarter. File photo supplied Josh Tere on Unsplash The latest figures from Stats NZ released today, November 5, show unemployment in New Zealand has risen to 5.3 per cent, the highest it’s been in nine years. In the September 2025 quarter the employment rate was 66.6 per cent, annual wage inflation was 2.1 per cent, and the average ordinary time hourly e…
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Total News Sources14
Leaning Left4Leaning Right1Center4Last UpdatedBias Distribution45% Left, 44% Center
Bias Distribution
- 45% of the sources lean Left, 44% of the sources are Center
45% Left
L 45%
C 44%
11%
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