Go offline with the Player FM app!
Michael Gordon: Westpac Senior Economist on the unemployment rate being expected to hit 5.3%
Manage episode 517734048 series 2098285
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.
8164 episodes
Manage episode 517734048 series 2098285
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.
8164 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.