The sluggish job market is another bump in our road to economic recovery, according to some recent predictions.

The unemployment rate's sitting at 5.2 percent - its highest point in five years. 

In late 2021, it was just 3.2 percent. 

Westpac senior economist, Michael Gordon, says it shows our economic slowdown's ongoing. 

He says it's not too surprising, given the Reserve Bank's moves to control inflation. 

"I think we're getting towards the end - we have seen economic activity picking up, but it's just not coming through in terms of businesses needing to hire just yet." 

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The sluggish job market is another bump in our road to economic recovery, according to some recent predictions.
The unemployment rate's sitting at 5.2 percent - its highest point in five years.&nbsp;
In late 2021, it was just 3.2 percent.&nbsp;
Westpac senior economist, Michael Gordon, says it shows our economic slowdown's ongoing.&nbsp;
He says it's not too surprising, given the Reserve Bank's moves to control inflation.&nbsp;
"I think we're getting towards the end - we have seen economic activity picking up, but it's just not coming through in terms of businesses needing to hire just yet."&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

Michael Gordon: Westpac senior economist on the unemployment rate rising to 5.2 percent

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/fb02dfd1-ab53-4937-969a-b331005f7717/transcript