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Michael Gordon: Westpac Senior Economist on the unemployment rate being expected to hit 5.3%

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Manage episode 517734048 series 2098285
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Unemployment's set to edge higher despite signs of the job market improving.

Stats NZ data, due out this morning, is expected to show the unemployment rate reached 5.3% in the September quarter.

That's up from 5.2% in the June quarter.

Westpac Senior Economist Michael Gordon told Mike Hosking the unemployment rate would be even higher if more young people were in the labour market.

He says they've been first on the chopping block as the economy slowed, so many have gone back into school and aren't seeking work.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

8164 episodes

Artwork
iconShare
 
Manage episode 517734048 series 2098285
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Unemployment's set to edge higher despite signs of the job market improving.

Stats NZ data, due out this morning, is expected to show the unemployment rate reached 5.3% in the September quarter.

That's up from 5.2% in the June quarter.

Westpac Senior Economist Michael Gordon told Mike Hosking the unemployment rate would be even higher if more young people were in the labour market.

He says they've been first on the chopping block as the economy slowed, so many have gone back into school and aren't seeking work.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

8164 episodes

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