News & Insights | Programmed Quarterly Labour Market Insights – New Zealand Q2

Programmed Quarterly Labour Market Insights – New Zealand Q2

4 July 2023

Job market starts downturn

New Zealand’s slowing economy means that the jobs market is losing some of its steam, amid sure signs that the rate of unemployment will rise over the coming year.

The jobs market still has plenty of underlying strength, and there remain hiring challenges for many firms, but conditions are now abating.

During April, the volume of job ads fell for the first time this year, according to SEEK.

ANZ Bank sees the unemployment rate lifting quite sharply from the second half of 2023, rising to 5.4% by the end of 2024.

The New Zealand economy is now technically in recession after GDP contracted 0.1% in the March quarter, following a 0.7% fall in the December quarter.

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 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

New Zealand Budget Summary, 2024-25

The first Budget of Finance Minister Nicola Willis has foreshadowed a period of severely constrained economic activity and higher unemployment. More

Understanding Skill Shortages in New Zealand: An Overview

New Zealand's labour market continues to slow as economic conditions weaken. More