Employer Bulletin | 11 November

Unemployment continues to grow, with more people remaining unemployed for longer periods and a declining employment rate, while wage growth slows, according to figures released by Stats NZ.

In the September 2024 quarter:
• Unemployment rate was 4.8 percent
• Employment rate was 67.8 percent
• Annual wage inflation was 3.8 percent
• Average ordinary time hourly earnings were $41.98