Henry Russell: ANZ Economist on the probably spike to the unemployment rate
Early Edition with Ryan Bridge · Newstalk ZB
February 6, 20243m 41s
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Show Notes
A spike to New Zealand's unemployment rate may be on the cards later this morning.
Multiple bank economists estimate it to land at 4.3%, up from the September quarter's 3.9%.
ANZ Economist, Henry Russell told Mike Hosking that he agrees.
He says the key driver is the ongoing recovery in labour supply, reflecting the record net-migration we've seen.
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Topics
unemploymentunemployment ratehenry russellanz