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

RBNZ assistant governor resigns
Economy

RBNZ assistant governor resigns

The announcement comes just weeks after governor Adrian Orr suddenly quit.

John Anthony 17 Apr 2025
Annual inflation lifted 2.5% in the first quarter
Economy

Annual inflation lifted 2.5% in the first quarter

The lift was a tad higher than RBNZ forecasts. 

Staff reporters 17 Apr 2025
Slight inflation lift won't stop rate cuts thanks to trade war
Economy

Slight inflation lift won't stop rate cuts thanks to trade war

Most economists expect annual inflation lifted to 2.4% in 1Q.

Rebecca Howard 17 Apr 2025
TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025