ZB

Unemployment expected to fall from current level of 3.2 percent

Author
Newstalk ZB,
Publish Date
Wed, 3 Aug 2022, 9:33am
Photo / Getty Images
Photo / Getty Images

Unemployment expected to fall from current level of 3.2 percent

Author
Newstalk ZB,
Publish Date
Wed, 3 Aug 2022, 9:33am

Today could see another historic milestone for the New Zealand economy.

Unemployment is expected to fall from its current level of 3.2 percent, which is already the lowest since records began.

ANZ is picking a figure as low as 2.8 percent.

Eric Crampton, Chief Economist at the New Zealand Initiative, told Mike Hosking the economic situation is becoming more precarious.

“In the current circumstances, it makes the Reserve Bank’s job harder.”

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