Social Development and Employment Minister tagged posts

Unemployment Rises in NZ

February 6, 2010 New Zealand Finance

New Zealand unemployment numbers rose by 0.8 percent in the December quarter. The rise is larger than projected by the Government, and has been attributed to an increase in the working age population.

According to a February 4th media release by Paula Bennett, Social Development and Employment Minister, New Zealand’s unemployment figure has risen to 7.3 percent. The figure represents approximately 168 000 unemployed across the country. The rise was caused by an extra 14 500 individuals entering into the New Zealand’s working age population. According to Paula Bennett the New Zealand economy has been growing, but the rate of growth of jobs has not matched the number of extra workers in the quarter.

The minister stated that it is typical to see that job growth lagging behind an economic ...

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