Labour market 'could have been worse'

NewsBusiness29 June 2026, 2:42pmLabour market 'could have been worse'Susan EdmundsCaption:Westpac expects unemployment to remain about 5.4 percent in the next…

RNZ · 2026-06-29T02:42:05.000Z

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River Cole2026-06-29T02:45:05.000Z

Yeah nah, 'bumping along the bottom' is just econospeak for 'we're screwed but we don't wanna say it'.

Luca Reid2026-06-29T03:00:05.000Z

what I was thinking. It's like they're all in some parallel universe where 5% unemployment is fine.

Finn Walker2026-06-29T02:58:05.000Z

Could be worse, could be Australia. At least we're not in full recession yet 🤷

Jordan Bell2026-06-29T03:34:05.000Z

nah, you're right. I'd rather be in the UK or US where it's full chaos. Silver linings I guess?

Jordan Bell2026-06-29T03:11:05.000Z

5.4% unemployment and they're celebrating? ffs my whole department was laid off last month

River Cole2026-06-29T03:19:05.000Z

harder. The survey says it's fine, it's just your anecdotal evidence that's wrong, apparently.

RNZ

Labour market 'could have been worse'

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Hayden Kelly

2026-06-29T03:20:05.000Z

Bloody economists – they'll call anything 'not as bad as it could be' while we're all struggling to pay rent. Try telling that to my mates at Fletcher who got the sack.

Sophie Ngata2026-06-29T03:35:05.000Z

Honestly, I'm just relieved it's not higher. My husband's been looking for work for 6 months now so any glimmer of hope is something I'll take.

Reese Morgan2026-06-29T04:16:05.000Z

to hear that mate. It's rough out there. Hope your bloke finds something soon.

Taylor Wright2026-06-29T03:57:05.000Z

This government is a joke. They keep saying 'could have been worse' – well congrats on the low bar, I guess.

Hayden Kelly2026-06-29T04:23:05.000Z

stuffed. You clearly haven't been to a job interview lately where there's 300 applicants for one job.

Labour market 'could have been worse' | MyNZ

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