The piece critiques rising unemployment and stagnant wages in New Zealand, highlighting the disproportionate impact on young people and Māori and Pacific communities, and calls for a more inclusive and responsive government response in the upcoming budget.
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New Zealand's unemployment rate is expected to hold steady, at least on paper, when new data is released this week. But beneath that headline number, economists are warning the labour market may already be weakening just as global tensions and an oil shock begin to bite. There are also growing concerns about something called stagflation, where higher unemployment and rising inflation collide. And what that could mean for households and the wider economy. Today on the front page NZ Herald Business Editor at large Liam Dann is with us to unpack what to look for in the latest data, what it really tells us about the state of our economy and what could come next.
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hidden unemployment revealing widespread insecurity
#TeKaupapa Weekend: Rising Unemployment Signals Deeper Economic Strain Across AotearoaSpotted something wrong on this page? Report a correction.
