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Ben McKay

New Zealand unemployment rate climbs to 5.1 per cent

Chris Luxon New Zealand Unemployment Christopher Luxon Nicola Willis Barbara Edmonds Ben Mckay ASB RBNZ Stats NZ

New Zealand's jobless rate climbed to 5.1 per cent, up from 4.8 per cent a quarter earlier. (Bianca De Marchi/AAP PHOTOS)

Confirming fears about a post-pandemic hard landing, New Zealand's unemployment rate has ticked above five per cent.

On Wednesday, Stats NZ reported the country's new jobless rate as 5.1 per cent as of December 2024: up from 4.8 per cent a quarter earlier and four per cent a year earlier.

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