Unemployed Kiwis flood into Australia

Monday 16 December 2024

The latest labour force data for New Zealand showed that filled jobs fell by 0.7% in Q3, the second consecutive quarterly decline.

The number of filled jobs also recorded their first annual decline in over a decade.

Average earnings growth in New Zealand also declined in Q3, pushing annual growth to below 2%.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.