Thursday, 14 November 2024

Unemployment still growing

    1. The Star

    Employment rose 0.5% in the quarter to 2.61 million and was 3.7% higher than a year earlier....
    Photo: Getty Images
    Figures released by Stats New Zealand last week show unemployment continued to grow in the September 2024 quarter.

    More people were remaining unemployed for longer periods, there was a declining employment rate, and wage growth was slowing.

    In the September 2024 quarter the unemployment rate was 4.85%, and the employment rate was 67.8%.

    Average ordinary time hourly earnings were $41.98.

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