Economy
Unemployment falls to its lowest level in twelve years
The Meridian Daily ·
Tuesday, 22 September 2026 ·
Page 3
The national unemployment rate fell to 4.6 per cent last month, its lowest level in twelve years, according to figures from the statistics office.
Most new jobs were created in health care, construction and renewable energy. Wages rose by 3.9 per cent over the year, slightly faster than prices.
Economists cautioned that hiring may slow next year as higher interest rates weigh on business investment.
The minister is expected to visit several regions next month to explain the changes to local councils and businesses.
Trade unions welcomed the announcement but said they would watch closely how it is put into practice in smaller towns.
Most new jobs were created in health care, construction and renewable energy. Wages rose by 3.9 per cent over the year, slightly faster than prices.
Economists cautioned that hiring may slow next year as higher interest rates weigh on business investment.
The minister is expected to visit several regions next month to explain the changes to local councils and businesses.
Trade unions welcomed the announcement but said they would watch closely how it is put into practice in smaller towns.
