Unemployment rate expected to reach 5% this week

Monday 4 November 2024 · 2 outlets · 2 reports · updated Mon 4 Nov 2024, 10:57am

In this story Reserve Bank of New Zealand, Stats NZ, ANZ, Westpac, Kiwibank, BNZ

Economists predict Stats NZ's upcoming labour market statistics will show unemployment has risen to approximately 5%. This figure represents a four-year high for the country. The data release comes ahead of the Reserve Bank's meeting on 27 November to determine the official cash rate.

How they headlined it

6h

5am10:57am

1. The PostMon 4 Nov 2024, 5:00am

   Most banks expect official unemployment will breach 5% this week (opens in new tab)

2. StuffMon 4 Nov 2024, 10:57am

   Why unemployment is expected to rise to 5% (opens in new tab)