Kiwi Unemployment Rate Rises To 5.1%, Highest Since 2020!

Digital Finance Analytics (DFA) Blog

Feb 06 2025 | 00:05:36

00:00 / 00:05:36

Show Notes

The New Zealand unemployment rate continues to climb, reaching 5.1% in the December 2024 quarter, according to the latest Stats NZ figures – the highest level it’s been since 2020. It’s up from 4.8% in the September 2024 quarter. Men accounted for 85% of the annual decrease in employment, reflecting substantial falls in the male-dominated occupation groups of technicians and trades workers, and machinery operators and drivers. Within the overall decrease in seasonally adjusted employment for men, there was also a shift from full-time to part-time work. While the number of men in full-time employment fell by 36,000 annually, the […]

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