Data from New Zealand today confirms signs of still-rising unemployment ...Middle East

Stats NZ released its monthly 'Employment Indicators' data, for October 2024:there are over 35,500 fewer jobs now in NZ than there were a year agoover 30,000 jobs gone in the 15-29 age bracketnumber of filled jobs for October 2024 fell by over 2,000 (0.1%) to 2.36 millionSeptember was revised down to a 0.1% fallin the past seven months the filled jobs numbers have consecutively fallen by between 0.1%-0.4%In its statement accompanying their 50bp rate cut yesterday, the Reserve Bank of New Zealand said wage growth is slowing, employment levels are declining, and unemployment is expected to rise further. The peak unemployment rate was revised down to 5.2%. Currently, as of the September 2024 q

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Data from New Zealand today confirms signs of still-rising unemployment ...Middle East

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