A major bank believes unemployment will remain fairly flat this year, rather than anything catastrophic.

The national rate dipped slightly to 5.3% in the first three months of this year.

ASB chief economist Nick Tuffley told Ryan Bridge says he's not overly pessimistic about the next couple of quarters.

But he cautions the next few months are really the danger zone as businesses hunker down and defer some decisions.

Youth unemployment is up from 13.3% to 14.4%.

LISTEN ABOVE

A major bank believes unemployment will remain fairly flat this year, rather than anything catastrophic.
The national rate dipped slightly to 5.3% in the first three months of this year.
ASB chief economist Nick Tuffley told Ryan Bridge says he's not overly pessimistic about the next couple of quarters.
But he cautions the next few months are really the danger zone as businesses hunker down and defer some decisions.
Youth unemployment is up from 13.3% to 14.4%.
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 Tuffley: ASB chief economist on the unemployment rate falling to 5.3%

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1f83cd65-1597-46e0-a279-b442012b13a4/transcript