New jobs data in: Unemployment rises to 4.8%

(Image: Getty)

Wed, 06 Nov 2024

Unemployment rose to 4.8% in the September quarter – worse than in June but better than many pundits had expected.The seasonally adjusted unemployment rate, as measured by the Household Labour Force Survey, was 4.8% in the quarter, compared with 4.6% in the previous quarter.”The unemployment rate has grown over the last two years, rising from 3.2% in the September 2022 quarter to 4.8% this quarter,” Stats New Zealand's labour market statistics manager, Deb Brunning, said on Wednesday.The seasonally adjusted employment rate...

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