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8 May 2025 8:40
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      Home > News > Business

    The upcoming unemployment rate is expected to reflect a difficult period for the economy

    The upcoming unemployment rate is expected to reflect a difficult period for the economy

    7 May 2025
    Stats NZ data out this morning is picked to show rates increased to around 5.2-percent, during the March quarter.

    It could hit its highest point since 2016.

    ASB senior economist Mark Smith says the economy has lost around 30 thousand jobs in the last 12 months.

    He says a lot of the losses have impacted young people as well as construction and wider goods sectors.

    Those numbers are due around 10.45am

    © 2025 Newstalk ZB, NZCity


     Other Business News
     08 May: A 1.4-billion-dollar upgrade could be on the way for Transpower's Cook Strait electricity cable
     08 May: The Finance Minister admits many Kiwis aren't getting as much work as they'd like to be
     07 May: Our labour market could take some time to strengthen
     07 May: Transpower says upgrading the Cook Strait electricity cable would come at a very small cost to consumers
     07 May: Property prices have fallen across country for a second time this year
     07 May: Unemployment may not have ticked up - but it could be some time before it tracks down
     07 May: Businesses appear to be reducing full-time hires - at a time unemployment has stayed static
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