Unemployment has risen again.
Latest figures from Stats NZ show the unemployment rate has reached 4.8% in the September quarter.
That's up from 4.6% in the June quarter, and well up from 3.2% in the December 2021 quarter.
NZ Herald Business Editor Liam Dann told Kerre Woodham that there was no question they would see people lose their jobs, but the fact that it came in lower than many forecasts is a good thing.
He says that over the last 20 or 30 years, New Zealand has historically had an unemployment rate above 5%, so we are still below the historical average.
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Kerre Woodham Mornings Podcast