
the podcast on
Today's rise in unemployment isn't unexpected.
Latest Stats NZ data shows the unemployment rate has reached an almost nine-year high of 5.3% in the September quarter.
160 thousand people have been looking for a job, while another 138 thousand have been wanting more work.
The Herald's Liam Dann told Kerre Woodham today's figures are exactly as forecast by economists.
He says the labour market will remain tough for a while yet because companies are nervous to hire, and some are still having to let staff go.
LISTEN ABOVE
Take your Radio, Podcasts and Music with you
Get the iHeart App
Get more of the radio, music and podcasts you love with the FREE iHeart app. Scan the QR code to download now.
Download from the app stores
Stream unlimited music, thousands of radio stations and podcasts all in one app. iHeart is easy to use and all FREE
