New Zealand’s unemployment rate has climbed to 5.3 per cent in the September 2025 quarter, according to recent data. This figure represents a nine-year high, increasing from 5.2 per cent in the June quarter. The latest result marks the fourth consecutive quarter with unemployment above 5 per cent, reaching levels not seen since 2016.
Youth unemployment is a particular concern, with the rate rising to 15.2 per cent. Stats NZ indicates that one in five young New Zealanders aged 15 to 24 are not currently engaged in employment, education, or training. The challenging economic conditions in New Zealand are contributing to a significant outflow of people.
The economic situation has impacted currency exchange rates, with the Australian dollar reaching a 12-year high of $1.15 against the New Zealand dollar. Stats NZ data reveals that 47,300 individuals have emigrated to Australia over the past year, seeking opportunities amidst the differing economic landscapes of the two nations. The increased unemployment and emigration are key factors influencing the currency dynamic.
