{"id":425130,"date":"2026-05-13T06:15:08","date_gmt":"2026-05-13T06:15:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/425130\/"},"modified":"2026-05-13T06:15:08","modified_gmt":"2026-05-13T06:15:08","slug":"youth-unemployment-and-rising-costs-push-young-new-zealanders-to-australia-the-economy-of-everything","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/425130\/","title":{"rendered":"Youth unemployment and rising costs push young New Zealanders to Australia \u2013 The Economy of Everything"},"content":{"rendered":"

In the Economy of Everything<\/a> podcast this week Tamsyn Parker and Liam Dann take a look at the appeal of Australia, the current state of its economy…and why it is just so much richer.<\/p>\n

\u201cWe were basically just starting to see things coming right,\u201d Dann says.<\/p>\n

\u201cThere was a hope that that 5.3% might have been the peak for unemployment, but we know it isn\u2019t going to be.\u201d<\/p>\n

Youth unemployment is now around 20% in Auckland. <\/p>\n

\u201cIt\u2019s quite demoralising,\u201d Parker says.<\/p>\n

\u201cA lot of my daughter\u2019s friends have been applying for jobs, some of them have been applying for jobs for three years now, just trying to get a part-time job.\u201d<\/p>\n

Nationally, the number of young people not in education, employment or training (the NEET rate) is rising.<\/p>\n

This was quite high during the past few years of high unemployment because kids were realising there were no jobs and they were going into training courses, Dann says. <\/p>\n

\u201cWhat I think\u2019s happening is that we\u2019ve still got high unemployment two years later, they\u2019re coming out and there\u2019s no job.\u201d<\/p>\n

\u201cSo do you endlessly keep training, racking up debt? Well, that\u2019s not a good option, and that\u2019s where they\u2019re starting to look around and go, Well, gee, do I head for Australia?\u201d <\/p>\n

Australia currently has an unemployment rate of just 4.3%, although inflation and interest rates are higher.<\/p>\n

\u201cIt\u2019s tempting, right? Better pay, the unemployment rate there is quite a lot lower,\u201d Parker says.<\/p>\n

\u201cI mean, tough for the parents, great opportunity if you\u2019re young. I guess that means we\u2019re all going to have to start saving up to visit our kids in Aussie.\u201d<\/p>\n

Listen to the full episode<\/a> for the full conversation.<\/p>\n

The Economy of Everything is available on the iHeart app<\/a> or wherever you get your podcasts. <\/p>\n

The series is hosted by Liam Dann, business editor-at-large and Tamsyn Parker, business editor for the NZ Herald. Thanks to CMC Markets.<\/p>\n","protected":false},"excerpt":{"rendered":"In the Economy of Everything podcast this week Tamsyn Parker and Liam Dann take a look at the…\n","protected":false},"author":2,"featured_media":425131,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[95,9526,85,138,24004,802,90679,218024,8609,218025,13488,219,5821,9881,59517,807,3234,117,111,139,69,1118,39480,15400,801,223,61,241,24358,102,4741,1079,24750],"class_list":["post-425130","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-and","tag-another","tag-australia","tag-business","tag-coming","tag-costs","tag-departing","tag-digits","tag-double","tag-downbeat","tag-economists","tag-economy","tag-everything","tag-facing","tag-improvement","tag-kiwis","tag-months","tag-new","tag-new-zealand","tag-newzealand","tag-nz","tag-of","tag-prospects","tag-push","tag-rising","tag-the","tag-to","tag-unemployment","tag-wave","tag-with","tag-young","tag-youth","tag-zealanders"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/425130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=425130"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/425130\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/425131"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=425130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=425130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=425130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}