Unemployment ticks up to 4.8%, just below estimate: Stats NZ
Meanwhile, the employment rate fell in the September quarter as more people were pushed out of jobs or exited the workforce.
Unemployment has risen to the highest level since late 2020.
Unemployment has risen but not as high as many economists and the RBNZ predicted, according to fresh figures today.
Stats NZ data shows unemployment rose from 4.6% in the June quarter, to 4.8% in the September quarter.
The RBNZ’s August Monetary Policy Statement expected unemployment to rise to 5%
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly
credit card debit
Premium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly
credit card debit
Premium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly
credit card debit
Premium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly
credit card debit
Yearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
