Unemployment rate edges up to 3.6%

Unemployment rate edges up to 3.6%
(Image: Getty)
Ella Somers
New Zealand’s unemployment rate for the June quarter nudged higher than expected while annual wage inflation remained steady at 4.3%The seasonally adjusted unemployment rate rose to 3.6% in the three months ended June 30, from 3.4% in the March quarter, Stats NZ said in its household labour force survey.This was above the 3.5% rate the Reserve Bank of New Zealand predicted unemployment to sit at in the June quarter.Kiwibank economists had anticipated the unemployment rate to shift from 3.4% to 3.5% while Bank of New Zealand economists exp...

More Economy

Want to double exports? Good luck with that
Primary Sector

Want to double exports? Good luck with that

International shipping lines say NZ needs to urgently address port productivity. 

Oliver Lewis 30 Jul 2025
Weak jobs data help clear path for August rate cut
Economy

Weak jobs data help clear path for August rate cut

Filled jobs edged higher but will likely be revised lower. 

Rebecca Howard 29 Jul 2025
OCR steals the show
Economy

Cameron Bagrie: OCR steals the show

The yield on a NZ 10-year bond is currently around 4.6%.

Cameron Bagrie 28 Jul 2025
Independent review warm on ACC investment arm but eyes risk
Economy

Independent review warm on ACC investment arm but eyes risk

A review of ACC’s investment arm issues warm findings but homes in on risk factors.

Staff reporters 25 Jul 2025