Michael Gordon: Westpac Acting Chief Economist says he expects unemployment rate to remain steady at 3.3 percent
Early Edition with Ryan Bridge · Newstalk ZB
January 31, 20232m 23s
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Show Notes
New figures out this morning will reveal just how much the tight job market is driving inflation pressure in the economy.
The latest official unemployment rate is being released at 10.45am.
Some economists expect the rate to dip back down to a record low, with wage growth continuing to accelerate.
But Westpac Acting Chief Economist Michael Gordon told Kate Hawkesby he expects the unemployment rate to remain steady at 3.3 percent.
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Topics
Business