An economist believes the number of unemployed Kiwis might be close to peaking.

The rate reached an 11-year high in the June quarter, on 5.6 percent - up from 5.4.

Many say uncertainty fuelled by the Iran war is discouraging employers from taking on staff.

Westpac Senior Economist Michael Gordon says the labour market could be nearing its weakest point.

"We were starting to see some momentum picking up in the economy late last year to early this year. Unfortunately, we've had this interruption from the Middle East conflict. Had that not happened, we might be seeing a bit more momentum." 

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An economist believes the number of unemployed Kiwis might be close to peaking.
The rate reached an 11-year high in the June quarter, on 5.6 percent - up from 5.4.
Many say uncertainty fuelled by the Iran war is discouraging employers from taking on staff.
Westpac Senior Economist Michael Gordon says the labour market could be nearing its weakest point.
"We were starting to see some momentum picking up in the economy late last year to early this year. Unfortunately, we've had this interruption from the Middle East conflict. Had that not happened, we might be seeing a bit more momentum."&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 what the latest unemployment stats say about the economy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/27aa0ddb-a8b6-4ad2-bf60-b49d0064ce88/transcript