NZ unemployment rises

5.11..25 The September quarter labour market surveys were generally as subdued as we were expecting, says Michael Gordon, senior economist at Westpac NZ. New Zealand’s unemployment rate ticked up from 5.2% to 5.3%, its highest level since 2016. There was a similar rise in the broader underutilisation measure from 12.8% to 12.9%. The number of […]