Stats NZ figures out today show unemployment has crept to its highest level since June 2021.
The unemployment rate in the three months to December was 4%.
Herald Business Editor at Large, Liam Dann, says it's still lower than many economists were picking.
He says there will be winners and losers out of this.
Dann says people hoping for an OCR cut may have to wait longer, but more people will have kept their jobs.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
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.