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8 May 2025 17:27
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      Home > News > Business

    Our labour market could take some time to strengthen

    Our labour market could take some time to strengthen

    7 May 2025
    Data out today shows the unemployment rate was unchanged at 5.1 percent - in the three months ending March.

    Forecasters had predicted a slight rise.

    The number of full time workers fell - and wage rate growth was smaller than we've seen recently.

    Kiwibank chief economist Jarrod Kerr says while better than expected, unemployment's still a lot higher than a year ago.

    He says if we peak this year, the rate could fall over 2026 - which will be good news for many.

    © 2025 Newstalk ZB, NZCity


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     Law and Order:
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