Unemployment rate rises to highest level since 2020
RNZ
Unemployment has risen to its highest level since 2020.
Stats NZ numbers show the jobless rate rising to 5.2 percent in the June quarter, up from 5.1 percent in March.
The numbers were slightly below expectations.
Economists had
expected the rate to rise to 5.3 percent for the June quarter
.
They have picked the labour market is close to the bottom, but the lack of meaningful growth in the past quarter has cast doubt on whether this might be the case.
More to come...
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