Unemployment up to 4.3%, wage growth slows
Stats NZ data shows jobless rate rises as widely expected in March quarter.
Unemployment is expected to rise to 5% by the end of this year.
Jonathan Mitchell
Wed, 01 May 2024
New Zealand’s unemployment rate has risen to the top end of expectations to hit the highest level in three years.
Stats NZ data out today showed unemployment rose to 4.3% in the March quarter, above the 4% recorded in the December quarter.
Most economists had expected a rise in that order, while
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Jonathan Mitchell
Wed, 01 May 2024
Contact the Writer: jmitchell@nbr.co.nz
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