A warning we've been burnt by high hopes for economic recovery. 

Stats NZ data out today puts unemployment at 5.4 percent in the December quarter. 

The numbers were less severe than forecasts from Treasury, but still reflect a 10 year unemployment high. 

Infometrics Principal Economist Brad Olsen says the talk about getting momentum back last year fell short.

"For businesses, they need to see stronger business sales coming through their front door before they commit to hiring more workers." 

LISTEN ABOVE

A warning we've been burnt by high hopes for economic recovery.&nbsp;
Stats NZ data out today puts unemployment at 5.4 percent in the December quarter.&nbsp;
The numbers were less severe than forecasts from Treasury, but still reflect a 10 year unemployment high.&nbsp;
Infometrics Principal Economist&nbsp;Brad Olsen says the talk about getting momentum back last year fell short.
"For businesses, they need to see stronger business sales coming through their front door before they commit to hiring more workers."&nbsp;
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Brad Olsen: Infometrics Principal Economist on what the new unemployment figures mean for economic recovery

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/069343a9-37c5-4e14-a52b-b3e7004e6098/transcript