ZB ZB
Opinion
Live now
Start time
Playing for
End time
Listen live
Listen to NAME OF STATION
Up next
Listen live on
ZB

NZ Herald Business Editor: Rise in unemployment rate means more tension in job market

Author
Newstalk ZB,
Publish Date
Wed, 2 Aug 2023, 11:59am
Photo / Getty Images
Photo / Getty Images

NZ Herald Business Editor: Rise in unemployment rate means more tension in job market

Author
Newstalk ZB,
Publish Date
Wed, 2 Aug 2023, 11:59am

A slighter higher rise to the unemployment rate than expected.

Stats NZ figures show it reached 3.6 percent for the three months to June.

That's up point-two percent, on the preceding quarter.

Most economists were predicting a point-one increase.

Herald Business Editor at Large, Liam Dann, told Kerre Woodham it means there's more tension in the labour market.

He says it's been seen through more people applying for fewer job ads - which makes life easier for employers.

LISTEN ABOVE

 

Take your Radio, Podcasts and Music with you