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Unemployment rate highest in a decade as it rises to 5.4% (www.rnz.co.nz)

submitted 4 weeks 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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[–] Viper_NZ@lemmy.nz 5 points 3 weeks ago

Unemployment at the highest rate since National were last in power. I guess we're back on track?

[–] Fizz@lemmy.nz 4 points 3 weeks 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.