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Unemployment rises to 5.6% - will it keep climbing?

Author
Newstalk ZB,
Publish Date
Wed, 5 Aug 2026, 11:46am
Photo / File
Photo / File

Unemployment's reached the highest level in 11 years.  

Stats NZ data shows the rate reached 5.6% in the June quarter, up from 5.3% in the March quarter.  

Of the 166 thousand unemployed in this year's second quarter, almost a-fifth had been without work for more than a year.  

Herald Business Editor at Large Liam Dann told Kerre Woodham some economists think the rate won't fall again any time soon.  

He says some predict it'll increase to 5.7% and hang around at high levels into next year.  

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