Jobless numbers continue to rise as subsidy wanes

Jobless numbers continue to rise as subsidy wanes
Andy Fyers
At least another 4,500 people joined the ranks of the unemployed in the week to July 10. Figures released on Friday by the Ministry for Social Development show there are 209,608 people receiving Jobseeker benefit or the more generous Covid-19 Income Relief Payment (CIRP). That's an increase of about 17,000 in the space of four weeks. After an initial surge in unemployment in March and into April, numbers settled at about 190,000 through May and into June. In recent weeks they have been increasing steadily at a rate about 4,000 per week...

More Economy

Weak NZD ahead as rate cuts loom
Economy

Cameron Bagrie: Weak NZD ahead as rate cuts loom

This week's expected rate cut will further underpin a weaker-for-longer NZ dollar.

More confidence about housing: ASB
Economy

More confidence about housing: ASB

Sentiment is improving, albeit slowly, the Housing Confidence Survey shows.

Air NZ continuing to be whacked by aircraft availability issues
Economy

Air NZ continuing to be whacked by aircraft availability issues

Air New Zealand expects a half year pre tax earnings result of $120 million to $160m.

Staff reporters 25 Nov 2024
NZ's directors see better days ahead
Economy

NZ's directors see better days ahead

Board directors are looking to Companies Act reform on their legal liabilities.

Greg Hurrell 22 Nov 2024