New Zealand unemployment rate rises to 5.7%

New Zealand’s unemployment rate reached its highest level in 11 years in the September quarter, with 174,000 people out of work. Long-term unemployment also rose, while underutilisation stayed high.

Written by AI from 4 sourcesWed 4 Nov, 8:53 am AEDT

Unemployment rose to 5.7% in the September quarter, from 5.6% in the previous quarter, Stats NZ figures show. The number of unemployed people reached 174,000. RNZ 1News New Zealand Herald The Spinoff Newstalk ZB Newstalk ZB
Long-term unemployment was 21.5% of the unemployed, its highest level in more than 30 years. Underutilisation remained at 13.8%. RNZ New Zealand Herald The Spinoff
Northland had the highest regional unemployment rate at 8.3%, while Otago had the lowest at 3.3%. The proportion of 15- to 24-year-olds not in work, education or training rose to 14.1%. RNZ New Zealand Herald The Spinoff