Henry Russell: ANZ Economist on the probably spike to the unemployment rate - Early Edition on Newstalk ZB

A spike to New Zealand's unemployment rate may be on the cards later this morning. 

Multiple bank economists estimate it to land at 4.3%, up from the September quarter's 3.9%.  

ANZ Economist, Henry Russell told Mike Hosking that he agrees. 

He says the key driver is the ongoing recovery in labour supply, reflecting the record net-migration we've seen. 

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