News & Insights | New Zealand Labour Market Insights: April – June, 2024

New Zealand Labour Market Insights: April – June, 2024

11 July 2024

Weakening economy takes a toll on employment.

Continuing weakness in the domestic economy has seen the predictable labour market response, with fewer vacancies, slower jobs growth and rising unemployment.

New Zealand’s labour market has been relatively resilient in recent times, following a period of severe skills shortages in many sectors. But that is now starting to turn.

There is a weaker business outlook, and it’s anticipated that economic activity will be subdued for most of 2024.

The recent Budget reinforces this outlook – real GDP is forecast to contract 0.2% in the year to June 2024, and the unemployment rate is set to climb to a peak of 5.3% by the end of the year.

This report uncovers what’s happening across New Zealand, looking at how the workforce has been impacted, the challenges employers face in the current landscape and trends in national recruitment activity.

To access the report, simply fill in your details below.

Download the report

"*" indicates required fields

I am downloading for*

Keep reading

All news & insights
Making A Difference Together

The Programmed Social Inclusion Team, in collaboration with our vendor partner, Hypdup Constructions, made a generous donation to Ronald McDonald... More

The benefits of partnering with Programmed for your recruitment needs

In today’s fast-paced environment, having the right team in place is essential for success. More

Embracing Digital Transformation with Programmed’s GO App

At Programmed, our mission is to deliver real-world efficiencies, increased productivity, and streamlined operations. Technology plays a crucial role in... More

The Real Cost of Recruiting: Why Engaging a Recruitment Agency is a Smart Business Move

Recruiting new talent is a fundamental aspect of business growth and development. More