12 min
Liam Dann: NZ Herald Business Editor says unemployment is increasing at a slow and steady rate Kerre Woodham Mornings Podcast
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- News Commentary
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.
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.
12 min