Christopher Luxon is heading to his first Cabinet meeting today with a pledge to reduce the public service headcount and redirect resources to the new government's agenda.
The Prime Minister says he wants to find savings of 6.5% from the public sector.
JMI Wealth Director Andrew Kelleher told Mike Hosking that that's likely to push up unemployment and ease pressure on the tight labour market.
He says unemployment was already lifting before the election, but the change of government could contribute to that trend.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
United States of Kennedy
United States of Kennedy is a podcast about our cultural fascination with the Kennedy dynasty. Every week, hosts Lyra Smith and George Civeris go into one aspect of the Kennedy story.
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.
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