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 day 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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[–] Fizz@lemmy.nz 2 points 8 hours ago

3% under labour and completely squandered but this incompetent gov. They borrowed to do deficit spending but spent it on stupid stuff like tax cuts for landlords and didnt end uo spuring enough economic growth.