Auckland, Wellington see highest unemployment rates in over a decade | Stuff.co.nz

The unemployment rate has dipped slightly to 5.3 percent for the first quarter of this year down from 5.4. But a breakdown of the data reveals certain regions are struggling, with Auckland and Wellington both seeing their highest unemployment rates in over a decade. The job figures are retrospective and don't reflect the full economic effects of the Middle East war that started at the beginning of March. The Reserve Bank Governor has warned "we are now likely to see a somewhat slower recovery, affecting job growth and debt servicing". Political Correspondent Zane Small has more. ----------------------------------------------------------------------------------------------------- Stuff NZ is New Zealand’s essential news source — bringing you live, lively and trustworthy journalism from every corner of Aotearoa. Stay informed with breaking news, in-depth stories, and the latest updates that matter to Kiwis. We upload daily, keeping you connected with the people, places and issues shaping New Zealand today. ----------------------------------------------------------------------------------------------------- Social media channels: TikTok:   / nzstuff   Instagram:   / nzstuff