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Static unemployment rate comes as 'a surprise' to economists

Author
Newstalk ZB,
Publish Date
Wed, 7 May 2025, 12:34pm
Photo / File
Photo / File

Static unemployment rate comes as 'a surprise' to economists

Author
Newstalk ZB,
Publish Date
Wed, 7 May 2025, 12:34pm

The unemployment rate has stayed static for another quarter. 

Stats NZ figures just out show the rate remained at 5.1% in the March quarter. 

The number of full-time workers fell by 45 thousand over the year and part-time employment grew by 25 thousand. 

Herald Business Editor at Large Liam Dann told Kerre Woodham today's figures are a surprise. 

He says this is good news but it hasn't felt like it, and economists will be scratching their heads. 

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