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8 May 2025 10:42
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      Home > News > Business

    Our labour market could take some time to strengthen

    Our labour market could take some time to strengthen

    7 May 2025
    Data out today shows the unemployment rate was unchanged at 5.1 percent - in the three months ending March.

    Forecasters had predicted a slight rise.

    The number of full time workers fell - and wage rate growth was smaller than we've seen recently.

    Kiwibank chief economist Jarrod Kerr says while better than expected, unemployment's still a lot higher than a year ago.

    He says if we peak this year, the rate could fall over 2026 - which will be good news for many.

    © 2025 Newstalk ZB, NZCity


     Other Business News
     08 May: Transpower's preparing for the future - with a proposed 1.4-billion-dollar upgrade to the 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: 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
     07 May: The upcoming unemployment rate is expected to reflect a difficult period for the economy
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