ZB ZB
Opinion
Live now
Start time
Playing for
End time
Listen live
Listen to NAME OF STATION
Up next
Listen live on
ZB

'Alternative to layoffs': Number of part-workers on the rise

Author
Newstalk ZB,
Publish Date
Thu, 8 May 2025, 11:16am
Photo / Getty
Photo / Getty

'Alternative to layoffs': Number of part-workers on the rise

Author
Newstalk ZB,
Publish Date
Thu, 8 May 2025, 11:16am

The unemployment rate has come out better than anticipated. 

It remained unchanged at 5.1% in the three months ending March.  

The number of people in full-time work fell by 45 thousand, while the number in part time work grew by 25 thousand. 

Westpac Senior Economist Michael Gordon told Ryan Bridge that people are likely using reduced hours as an alternative to layoffs. 

He says it’s likely one factor as to why the unemployment rate has risen, but not as high as some economists were forecasting. 

LISTEN ABOVE 

Take your Radio, Podcasts and Music with you