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New Zealand's Unemployment Hits 5.2% Amid Economic Struggles

8/6/2025

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Summary

Story summary

New Zealand's unemployment rate has climbed to 5.2% in the June 2025 quarter, marking the highest level since September 2020, with 158,000 individuals seeking work. The economy shed 2,000 jobs, and wage growth has decelerated to 2.4%. Finance Minister Nicola Willis expressed concern over the situation but remains hopeful for improvement amid ongoing challenges.

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Story summary

New Zealand's unemployment rate has climbed to 5.2% in the June 2025 quarter, marking the highest level since September 2020, with 158,000 individuals seeking work. The economy shed 2,000 jobs, and wage growth has decelerated to 2.4%. Finance Minister Nicola Willis expressed concern over the situation but remains hopeful for improvement amid ongoing challenges.