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New Zealand's unemployment rate reached 4.8% in Q3 2024, the highest since late 2020.
New Zealand's unemployment rate has risen to 4.8% in the third quarter of 2024, its highest since late 2020, as the economy continues to struggle.
This increase is attributed to reduced demand for workers and a decline in labor force participation.
Wage growth has also slowed, indicating potential impacts on inflation.
The Green Party criticizes government policies for exacerbating unemployment and advocates for a Guaranteed Minimum Income to support affected families.
5 months ago
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