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Economic recovery yet to flow through as unemployment hits 10-year high

Author
Newstalk ZB ,
Publish Date
Thu, 5 Feb 2026, 6:26am
Photo / File
Photo / File

Economic recovery yet to flow through as unemployment hits 10-year high

Author
Newstalk ZB ,
Publish Date
Thu, 5 Feb 2026, 6:26am

New Zealand's economic recovery could be more of a crawl, or a climb, than a bounce. 

The job market remains tough, with unemployment now at a ten-year high. 

EMA Head of Advocacy Alan McDonald told Ryan Bridge it's going to take a while for improved conditions and Government policy changes to flow through to the job market. 

ASB Senior Economist Mark Smith says while jobs are being created, we're still about 30-thousand jobs shy of where we were three years ago. 

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