Labour market warning signs as unemployment climbs to 5.4% – The Front Page
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Stats NZ figures released yesterday showed unemployment reached 5.3% for the September quarter – the highest rate since December 2016, but in line with what Nicola Willis had expected. | nzherald.co.nz
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New Zealand’s unemployment crisis is deepening amid rising household costs and government inaction, warns the New Zealand Council of Trade Unions. Stats NZ’s latest quarterly figures show 160,000 people are out of work, keeping the unemployment rate steady at 5.3%, while incomes grew by just 2.1%. Māori unemployment makes up nearly a quarter of the total, with more than 10% of the Māori workforce jobless. Economist Craig Renney says low and middle-income families are bearing the brunt as essenti
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