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Unemployment rate is still historically very low - Business Editor

Author
Newstalk ZB,
Publish Date
Wed, 1 Nov 2023, 1:17pm
Photo / Getty Images
Photo / Getty Images

Unemployment rate is still historically very low - Business Editor

Author
Newstalk ZB,
Publish Date
Wed, 1 Nov 2023, 1:17pm

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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