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7 Aug 2025 19:41
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  •   Home > News > Business

    The sluggish job market's another bump in our road to economic recovery

    The sluggish job market's another bump in our road to economic recovery


    The unemployment rate's sitting at 5.2 percent - its highest point in five years.

    In late 2021, it was just 3.2 percent.

    Westpac Senior Economist, Michael Gordon, says it shows our economic slowdown's ongoing.

    He says it's not too surprising, given the Reserve Bank's moves to control inflation.

    But Gordon says the end's likely near, with economic activity picking up - but not yet translated into businesses needing to hire.

    © 2025 Newstalk ZB, NZCity

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    A lack of available gas - could force major fertiliser manufacturer, Ballance - to close its Kapuni plant for four months More...



     Today's News

    Entertainment:
    Christina Applegate has been admitted to hospital after falling ill with a kidney infection 19:24

    Rugby League:
    The Broncos are eager to take their game up a notch in the run-in to the NRL playoffs 18:57

    Entertainment:
    Eminem and Dr Dre have been accused of leaving radio DJ Jo Whiley feeling "tiny and stupid" 18:54

    Rugby:
    One-test All Blacks prop Aidan Ross has been named in Australia's squad for the Rugby Championship 18:37

    Entertainment:
    Sean 'Diddy' Combs has described conditions at Brooklyn's Metropolitan Detention Center as "inhumane" in a new appeal for bail ahead of his October sentencing 18:24

    Environment:
    A 3.8 magnitude earthquake has rattled the Whanganui area - just after 4pm 18:07

    Business:
    A lack of available gas - could force major fertiliser manufacturer, Ballance - to close its Kapuni plant for four months 17:57

    Cricket:
    A full circle moment for New Zealand cricketer Jacob Duffy as he gets set for a long-awaited moment 17:57

    Entertainment:
    Lizzo says body positivity is a "radical act" 17:54

    Entertainment:
    Finn Wolfhard thinks Pope Leo XIV is "cool" 17:24


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