Economic pain is being felt in the latest employment numbers.

The unemployment rate is 4.3%, an increase of 0.3 percentage points from the December quarter.

ANZ economist Henry Russell told Mike Hosking that we've come out of a period of intense labour shortages, with migration doing the heavy lifting.

He says skill shortages remain and that's why we continue to import people into New Zealand.

LISTEN ABOVE  

Economic pain is being felt in the latest employment numbers. 
The unemployment rate is 4.3%, an increase of 0.3 percentage points from the December quarter. 
ANZ economist Henry Russell told Mike Hosking that we've come out of a period of intense labour shortages, with migration doing the heavy lifting. 
He says skill shortages remain and that's why we continue to import people into New Zealand. 
LISTEN ABOVE

Don't risk not knowing what's going around New Zealand and the world - catch up with interviews from Early Edition on Newstalk ZB.

Don't risk not knowing what's going around New Zealand and the world - catch up with interviews from Early Edition on Newstalk ZB.

Don't risk not knowing what's going around New Zealand and the world - catch up with interviews from Early Edition, hosted by Kate Hawkesby on Newstalk ZB.

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