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Unemployment data: Reports show more people are working fewer hours

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九一星空无限talk ZB,
Publish Date
Wed, 7 May 2025, 6:04pm
Photo / File
Photo / File

Unemployment data: Reports show more people are working fewer hours

Author
九一星空无限talk ZB,
Publish Date
Wed, 7 May 2025, 6:04pm

Overall employment's held steady - but the hours people work have notably contracted.

In figures out today, the unemployment rate remained unchanged at 5.1 percent in the three months ending March. 

But total hours worked are down three percent over the year. 

Kiwibank chief economist Jarrod Kerr says numbers of part time workers are rising, with those working full-time falling. 

"Businesses are clearly cutting hours to reduce costs and fight their way through what's quite an awkward period, and that's weighing on households."

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