this post was submitted on 04 Aug 2025
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Unemployment rate expected to hit nine-year high (www.rnz.co.nz)
submitted 6 days ago by Dave@lemmy.nz to c/politics@lemmy.nz
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  • Unemployment picked to hit near nine year high of 5.3 percent
  • Labour market lags economic performance, reflecting last year's recession
  • Economy may have shed as many as 40,000 jobs in past couple of years
  • Annual wage growth seen just above 2 percent - tough on household budgets, eases inflation pressures
  • If numbers as expected, they will back another RBNZ rate cut
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[–] absGeekNZ@lemmy.nz 2 points 2 days ago

Next year will be a ten year high.