Business News

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

Written by Cristóbal Castro Barrientos, PhD candidate, NZ Policy Research Institute, Auckland University of Technology

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.

Unemployment reached 5.1%...

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