An expected quarterly rise in our unemployment rate. Stats NZ data shows it's at 3.9% for the three months to September, up from 3.6% last quarter, and 3.2% a year ago. NZ Herald Business Editor, Liam Dann, told Tim Beveridge that while unemployment going up isn’t generally considered a good thing, a bit of “slack” in the labour market is needed to help combat inflation. He said that 3.9% is still, historically, very low. LISTEN ABOVE

Source: New Zealand Herald November 01, 2023 01:10 UTC