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Unemployment rate nears a turning point

🕓 4 min read
8 May 2025
undefined's-profile-photoMatthew Allman
Road Curve in Front of Snowy Mountain
Last Wednesday’s labour market statistics release from Stats NZ showed the unemployment rate remained at 5.1%, below market expectations of 5.2-5.3%. We are nearing the trough in the labour market, which is likely to see the unemployment rate peak during the current June 2025 quarter.

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