Jobs data and financial stability report in focus

The unemployment rate is expected to tick higher. (Image: NZME)

Mon, 05 May 2025

Unemployment is likely to have inched up in the March quarter in the last piece of major data before the Reserve Bank of New Zealand’s rate decision this month, aside from the Budget that is.Wednesday’s data isn’t expected to sway the Reserve Bank of NZ (RBNZ) from cutting by another 25 basis points to 3.25% on May 28. ANZ Bank senior economist Miles Workman said he expects the jobless rate to rise from 5.1% in the December quarter to 5.3% “as growth in the labour force (labour supply) outpaces labour demand (employ...

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