3 Aug 2022

Surprise as NZ unemployment rate rises slightly

From Checkpoint, 5:26 pm on 3 August 2022

It may not feel like it, but wages are rising at their fastest rate since late 2008, whipped on by labour shortages in almost every sector.

All the pundits predicted we'd see record low unemployment as a result - but unexpectedly, the number of out-of-work New Zealanders actually rose slightly in the last quarter.

Ruth Hill looks into what's going on.