Unemployment in NZ rose to 4% in Dec 2023 qtr, higher than expected 4.3%, potentially signaling a soft job market.

The unemployment rate in New Zealand rose to 4% in the December 2023 quarter, slightly higher than the 3.9% in the previous quarter and higher than the expected 4.3%. This slight increase may indicate a softening of the job market, but it remains relatively strong compared to previous years. The Reserve Bank may consider holding interest rates at current levels for longer due to this data.

February 06, 2024
23 Articles

Further Reading