Reported about 5 hours ago
New Zealand's unemployment rate rose to 5.1% in the fourth quarter of 2024, marking a four-year high, as hiring declined after a significant recession. This shows a drop in employment by 0.1% from the previous quarter and a 1.1% fall compared to the previous year. Meanwhile, the Reserve Bank of New Zealand anticipates continuing interest rate cuts to encourage economic recovery. The current economic climate reflects the lowest employment rates since 2020.
Source: YAHOO