One expert is warning the job market won't get easier any time soon.

The latest Stats NZ data shows the unemployment rate has reached an almost nine-year high of 5.3 percent in the September quarter.

That's 160,000 people looking for a job, and another 138,000 wanting more work.

Infometrics principal economist Nick Brunsdon says we're on the cusp of a recovery - but not a quick one.

"Our forecast is for it to hit 4.6 by the end of next year - and that's not a low unemployment rate by any means. It's still gonna be pretty uncomfortable."

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One expert is warning the job market won't get easier any time soon.
The latest Stats NZ data shows the unemployment rate has reached an almost nine-year high of 5.3 percent in the September quarter.
That's 160,000 people looking for a job, and another 138,000 wanting more work.
Infometrics principal economist Nick Brunsdon says we're on the cusp of a recovery - but not a quick one.
"Our forecast is for it to hit 4.6 by the end of next year - and that's not a low unemployment rate by any means. It's still gonna be pretty uncomfortable."
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

Nick Brunsdon: Infometrics Principal Economist on unemployment reaching 5.3 percent in the September quarter

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/700ccfda-6200-405b-a884-b38c004cf77c/transcript