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Infometrics principal economist: Unemployment figures show recession-influenced job losses starting

Author
Newstalk ZB,
Publish Date
Wed, 2 Aug 2023, 7:22pm
(Photo / Getty)
(Photo / Getty)

Infometrics principal economist: Unemployment figures show recession-influenced job losses starting

Author
Newstalk ZB,
Publish Date
Wed, 2 Aug 2023, 7:22pm

Unemployment is rising - but remains historically low - as the election approaches.

New Stats NZ figures show the unemployment rate reached 3.6 percent for the three months to June.

That's up 0.2 percent, from 3.4 percent in the preceding quarter.

Infometrics principal economist Brad Olsen says these figures indicate that the start of recession-influenced unemployment is upon us.

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