Unemployment has risen again but economists don't think it's peaked yet.
Stats NZ figures out today show the rate reached 4.3% for the March quarter, up 0.3 percentage points from the December quarter's 4%.
It reflects the impacts of higher interest rates as the Reserve Bank keeps trying to rein in inflation.
Herald Business Editor at Large Liam Dann told Kerre Woodham that it's a slow and steady rise.
He says 134 thousand people are now unemployed, up from 122 thousand at the end of 2023, meaning 12 thousand jobs have gone.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.
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.
The Nikki Glaser Podcast
Every week comedian and infamous roaster Nikki Glaser provides a fun, fast-paced, and brutally honest look into current pop-culture and her own personal life.