An expected quarterly rise in our unemployment rate.
Stats NZ data shows it's at 3.9% for the three months to September, up from 3.6% last quarter, and 3.2% a year ago.
NZ Herald Business Editor, Liam Dann, told Tim Beveridge that while unemployment going up isn’t generally considered a good thing, a bit of “slack” in the labour market is needed to help combat inflation.
He said that 3.9% is still, historically, very low.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com