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Liam Dann: NZ Herald Business Editor says unemployment is increasing at a slow and steady rate
Published 2 years, 1 month ago
Description
Unemployment has risen again but economists don't think it's peaked yet.
Stats NZ figures out today show the rate reached 4.3% for the March quarter, up 0.3 percentage points from the December quarter's 4%.
It reflects the impacts of higher interest rates as the Reserve Bank keeps trying to rein in inflation.
Herald Business Editor at Large Liam Dann told Kerre Woodham that it's a slow and steady rise.
He says 134 thousand people are now unemployed, up from 122 thousand at the end of 2023, meaning 12 thousand jobs have gone.
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