Story perspectives

Generative AI Shifts Tech Hiring Amid Rising Unemployment

2/11/2026

Summary

Story summary

Goldman Sachs research shows generative AI is impacting hiring for recent technology graduates, notably in programming and customer service.
New Zealand unemployment rose to 5.4% while the Prime Minister noted it remained below earlier forecasts.
Economists point to 15,000 new jobs created, linked to higher labor market participation.
Australia’s GDP growth is projected to slow, which could raise unemployment and influence New Zealand’s migration and job market.

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Story summary

Goldman Sachs research shows generative AI is impacting hiring for recent technology graduates, notably in programming and customer service.
New Zealand unemployment rose to 5.4% while the Prime Minister noted it remained below earlier forecasts.
Economists point to 15,000 new jobs created, linked to higher labor market participation.
Australia’s GDP growth is projected to slow, which could raise unemployment and influence New Zealand’s migration and job market.