Articles tagged with Unemployment
New Zealand Labour Market Update: Government's Economic Rebuilding Efforts Highlighted
4 days ago | 96 viewsLabour market statistics released today show a slight increase in unemployment to 5.3% in the September quarter, aligning with forecasts. The Finance Minister emphasizes the government's commitment to rebuilding the economy and creating more job opportunities for New Zealanders. Efforts include reducing taxes, boosting investments, and supporting businesses to drive economic recovery and job growth.
Tags: Labour market statistics Government Economy Job opportunities Kiwis Finance Minister Nicola Willis Stats NZ Unemployment New ZealandersGovernment Progresses in Tackling Unemployment Despite Economic Challenges
3 weeks ago | 144 viewsMinister Louise Upston highlights the Government's progress in reducing unemployment despite economic challenges, with a 6% increase in beneficiaries finding work in the June 2025 quarter, totaling 20,775 individuals transitioning into employment. The data also shows a 6.9% rise in work exits from Jobseeker Support and a decrease in young people receiving this support. The Government's initiatives, such as frontline investments, phone-based case management, and Kōrero Mahi seminars, aim to support jobseekers, emphasizing the importance of providing practical assistance during the job search process to help individuals gain independence and improve their lives.
Tags: Minister Social Development Employment Louise Upston Government unemployment MSD stats Jobseeker Support New Zealanders Kōrero MahiFinance Minister Nicola Willis Reacts to Lower Than Forecast Unemployment Rates
3 months ago | 492 viewsFinance Minister Nicola Willis has acknowledged the latest labour market data, revealing a lower-than-expected unemployment rate of 5.2% for the June quarter, below the Treasury's forecast of 5.4%. Despite challenges like inflation and rising interest rates, the government's efforts have led to 8,000 fewer unemployed individuals than initially projected, with a focus on economic recovery and job creation through initiatives like government-funded construction projects and investment incentives. Additionally, there has been a notable increase in average hourly earnings by 4.5% in the past year, surpassing the inflation rate of 2.7%.
Tags: labour market unemployment Finance Minister Nicola Willis Stats NZ Treasury forecast economic management inflation interest rates job creation