this post was submitted on 03 Feb 2026
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Unemployment rate highest in a decade as it rises to 5.4% (www.rnz.co.nz)
submitted 1 hour ago by Dave@lemmy.nz to c/politics@lemmy.nz
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  • Unemployment rises to 10 year high of 5.4 percent
  • 15,000 jobs added in quarter, but workforce and job hunters grow
  • Underutilisation rate steady at five year high of 13 pct
  • Youth unemployment rises, more woman in the labour force
  • Annual wage growth slows to near five year low of 2 percent
  • Data worse than expected, backs the RBNZ holding cash rate steady in two weeks
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