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Unemployment Soars to Nine-Year High Amid Economic Struggles

11/6/2025

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Summary

Story summary

Statistics New Zealand (Stats NZ) reported unemployment rose to 5.3%, the highest in nine years.
The youth unemployment rate reached 15.2% for people aged 15 to 24.
Underemployment rose to 138,000 people in the latest quarter.
Finance Minister Nicola Willis emphasised the government's efforts to rebuild the economy and create jobs.
Labour Party critics argue current policies caused job losses and economic decline.

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Story summary

Statistics New Zealand (Stats NZ) reported unemployment rose to 5.3%, the highest in nine years.
The youth unemployment rate reached 15.2% for people aged 15 to 24.
Underemployment rose to 138,000 people in the latest quarter.
Finance Minister Nicola Willis emphasised the government's efforts to rebuild the economy and create jobs.
Labour Party critics argue current policies caused job losses and economic decline.