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The Latest Breaking News from Stats NZ

Economic ‘green shoots’ and lower interest rates disguise worrying trends in NZ’s job market

Despite Prime Minister Christopher Luxon’s reassurance that “some green shoots” are starting to show in the economy, including a 50 point cut in the official cash rate expected to be announced later today, the outlook for 2025 remains uncertain for many – and grim for some.

The Conversation

New Zealand unemployment rate climbs to 5.1 per cent

New Zealand's opposition has blamed Chris Luxon's government for job losses after the country's unemployment rate reached 5.1 per cent.

AAP

24 years of life lost: people placed in state care have died earlier, more violent deaths – new study

A new study using a large collection of demographic data has revealed the lasting and damaging consequences for children placed in state care between 1950 and 1999 – including huge disparities in life expectancy compared with the general population.

The Conversation

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GDP hit slumps New Zealand further into recession

New Zealand's economy is 2.1 per cent smaller than it was six months ago, according to new GDP data from Stats NZ.

AAP

New Zealand joblessness jumps again to reach 4.8 pct

Unemployment in New Zealand continues to steadily climb towards an expected peak of about 5.5 per cent in mid-2025.

AAP

'Miserable' GDP result as New Zealand shrinks again

New Zealand's economy has shrunk for the fifth time in the past seven quarters, with an 0.2 per cent contraction in the period to June.

AAP

Ocean heat is changing marine food webs – with far-reaching consequences for NZ fisheries and sea life

The global ocean continues to warm at a concerning rate.

The Conversation

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New Zealand changing course on climate emissions

New Zealand's coalition government has dismantled many of the climate programs of Jacinda Ardern's government, and is without a pathway to a net-zero 2050.

AAP

The cost of eating healthy: NZ fruit and veg prices are going up way faster than processed food

The rising price of food has been making headlines for the past decade. But prices have not been rising consistently across all food groups – and this has major health implications for New Zealanders.

The Conversation

New Zealand’s sea temperatures hit record highs, outstripping global averages

Experts say the new figures dispel the notion that the country is protected from extreme temperatures and raise fears for local marine life

The Guardian - AU

Record number of people leave New Zealand amid cost of living pressures

More than half those who left recently headed to Australia with promises of higher pay and better working conditions

The Guardian - AU

NZ is changing faster than the census can keep up – the 4 big trends to watch

The first data from the 2023 census will be released on May 29 – and not before time. We will see how successful – or not – the census exercise was in achieving participation and coverage.

The Conversation

NZ jobless rate hits three-year high with worse to come

New Zealand's unemployment rate is now 4.3 per cent, its highest level since the height of the COVID-19 pandemic in 2021.

AAP

Headline New Zealand inflation falls to four per cent

The latest consumer price index figures, released by Stats NZ, show headline inflation has fallen to four per cent in the year to March 2024.

AAP

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Top News

New Zealand Enters Second Recession In 18 Months

New Zealand's economy contracts by 0.1% in Q4 2023, entering second recession in 18 months.

AAP

Double dip New Zealand recession confirmed

New Zealand has fulfilled the technical definition of a recession with two quarters of negative GDP growth in the last half of 2023.

AAP

New Zealand's unemployment rises to four per cent

Unemployment in New Zealand was below market expectation at four per cent in the December 2023 quarter.

AAP

New Zealand GDP falls, past recession revealed

New Zealand's economy is again going backwards, falling by 0.3 per cent in the September 2023 quarter.

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Newsroom.co.nz

Elderly Māori hard-hit by rising costs as they refinance to help whānau

There's a call for government help for Māori and other communities worst affected by rising food prices and interest rates, reports Jonathan Milne.

Newsroom.co.nz

NZ sharemarket on verge of bear market

Business & investing: The NZX50 has fallen 19.5 percent since January 2021, meaning it is likely to be grizzly this week. Andrew Patterson reports.

AAP

Inflation drops to 5.6 per cent in New Zealand

Outgoing New Zealand prime minister says a bigger than expected fall in the consumers price index shows his government was tackling inflation.

Newsroom.co.nz

Fact checking the final leaders' debate

As Christopher Luxon and Chris Hipkins clashed in the final leaders' debate of the 2023 election campaign, Newsroom confirms both made provably false claims.

Newsroom.co.nz

Good day/bad day: At your service, and the customer is always right

Our political leaders are getting ahead of Stats NZ's food price index, to be published this week, by serving up their own.

Newsroom.co.nz

A 'hawkish' Reserve Bank rates decision will be bad for borrowers, good for savers

Business & investing: ANZ Bank economists expecting rate rise before year's end, but Kiwibank thinks hikes aren't necessary, writes Andrew Patterson

Newsroom.co.nz

Public sector headcount rises in last pre-election recruitment drive

The public administration and safety sector takes on 2,300 new workers in past month, even as Government and Opposition parties call for restraint. Jonathan Milne reports.

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