Unemployment rate tops 5%

5th February 2025 By Staff Reporter | news@propertyticker.co.nz | @propertyticker

The seasonally adjusted unemployment rate was 5.1% in the December 2024 quarter.

Stats NZ’s latest employment figures released today showed unemployment rose by 33,000 to 156,000, as measured by the Household Labour Force Survey, compared with the September 2024 quarter.

“The unemployment rate in the December 2024 quarter was the highest it’s been since the September 2020 quarter, when it was 5.2%,” Stats NZ’s labour market spokesperson, Deb Brunning, said.

There were about 2.916 million employed people in New Zealand in the December 2024 quarter.