New Zealand’s jobless rate holds steady in 1Q

Tentative rebound: RBNZ governor Christian Hawkesby speaks to the media amid the report’s release in Wellington. The country’s economy is slowly recovering from a deep recession just as Trump’s tariffs cloud the outlook for global growth. — Reuters

WELLINGTON: New Zealand’s jobless rate unexpectedly held steady in the first quarter (1Q25) as fewer people sought work in a sluggish economy.  

Unemployment was unchanged from 4Q24 at 5.1%, Statistics New Zealand said yesterday in Wellington.