11:05 am today

Unemployment tops 5 percent

From Nine To Noon, 11:05 am today
Composite image of letters from the Ministry of Social Development & Work & Income, with a benefit payment card and a community service card

Photo: RNZ / Quin Tauetau

The unemployment rate has reached it's highest point since 2020.

Figures just out from Stats NZ show the jobless rate climbed to 5.1 percent in the three months to December.

It rose from 4.8 percent in the previous quarter.

The last time it topped 5 percent was September 2020.

RNZ business editor Gyles Beckford joins Kathryn in the studio.