# New Zealand Jobless Rate Rises as Energy Shock Drags on Hiring

https://mins.news/en/item/14006

- Bloomberg News, 2026-08-05 11:00 UTC
- Economy
- Original: https://www.bloomberg.com/news/articles/2026-08-04/new-zealand-jobless-rate-rises-as-energy-shock-drags-on-hiring?link_source=ta_bluesky_link&taid=6a7317b969018900011c1ddf

> New Zealand’s unemployment rate climbed to its highest level in 11 years during the second quarter. A global energy shock squeezed company profits and weighed on hiring. At the same time, more people entered the job market seeking work. The combination pushed the jobless rate higher as employers faced tighter financial conditions.