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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Economics
3 mins to read

‘Worrying trend’: More unemployment pain to come this year

Opposition parties critical of coalition Government’s ‘dated and dismal’ politics.

WATCH: ANZ economist Henry Russell speaks with Jonathan Mitchell.

The rise in unemployment is unlikely to force earlier interest rate cuts, with the jobless rate expected to nudge to 5% by the end of this year, economists say.

Stats NZ data out yesterday showed unemployment rose to 4.3% in the March quarter, above the 4% recorded in the December quarter.

The

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Jonathan Mitchell Thu, 02 May 2024
Contact the Writer: jmitchell@nbr.co.nz
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‘Worrying trend’: More unemployment pain to come this year
Economics,
103862
true