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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.
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