Economy
Unemployment falls to its lowest level in twelve years
The Meridian Daily ·
Tuesday, 20 October 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.
Independent experts will publish an assessment of the first year, which parliament will debate before any further changes are made.
Opinion polls suggest that a clear majority of voters support the plan, especially among younger people.
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.
Independent experts will publish an assessment of the first year, which parliament will debate before any further changes are made.
Opinion polls suggest that a clear majority of voters support the plan, especially among younger people.
