1 Nov 2023

Latest figures show unemployment on the rise

From Midday Report, 12:12 pm on 1 November 2023

Unemployment is on the rise, but those who are in work are earning higher wages.

The latest figures from Stats NZ show unemployment has increased to 3.9 percent in the last quarter, up from 3.6 percent.

The data is largely in line with market expectations and the Reserve Bank's unemployment forecast of 3.8 percent.

It also shows wages grew by 4.3 percent during the September quarter.

Trade Me Jobs sales director Matt Tolich spoke to Ben Strang.