Unemployment's reached the highest level in 11 years.  

Stats NZ data shows the rate reached 5.6% in the June quarter, up from 5.3% in the March quarter.  

Of the 166 thousand unemployed in this year's second quarter, almost a-fifth had been without work for more than a year.  

Herald Business Editor at Large Liam Dann told Kerre Woodham some economists think the rate won't fall again any time soon.  

He says some predict it'll increase to 5.7% and hang around at high levels into next year.  

LISTEN ABOVE 

Unemployment's reached the highest level in 11 years. &nbsp;
Stats NZ data shows the rate reached 5.6% in the June quarter, up from 5.3% in the March quarter. &nbsp;
Of the 166 thousand unemployed in this year's second quarter, almost a-fifth had been without work for more than a year. &nbsp;
Herald Business Editor at Large Liam Dann told Kerre Woodham some economists think the rate won't fall again any time soon. &nbsp;
He says some predict it'll increase to 5.7% and hang around at high levels into next year. &nbsp;
LISTEN ABOVE&nbsp;

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

Liam Dann: NZ Herald Business Editor on the unemployment rate rising to 5.6% in June

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9d1bd6ef-5c44-4ff2-b2a1-b49c0187f682/transcript