Story perspectives
New Zealand Job Market Faces 50,000 Losses in Decline
9/10/2025
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Story summary
- New Zealand's job market is declining, losing over 50,000 jobs since December 2023, including 10,000 in the last quarter.
- Key sectors affected include construction (16,230 jobs), manufacturing (8,707), and retail (6,091).
- Auckland saw the highest losses, totaling 23,000 jobs.
- Younger workers aged 15-24 lost nearly 20,000 jobs.
- Economic recovery is anticipated to be slow, with ongoing challenges into 2026.
