Higher unemployment could continue to be a handbrake on the country's economic recovery. 

More Kiwis are out of work, with unemployment now at a five-year high. 

And Kiwis that are working are earning less, with wages not keeping up with inflation over the past 12 months. 

Retail NZ Chief Executive Carolyn Young told Ryan Bridge that's having ripple effects. 

She says if consumers are earning less, they spend less, and if they're anxious about their job security, they tend to reduce their discretionary spending. 

LISTEN ABOVE 

Higher unemployment could continue to be a handbrake on the country's economic recovery.&nbsp;
More Kiwis are out of work, with unemployment now at a five-year high.&nbsp;
And Kiwis that are working are earning less, with wages not keeping up with inflation over the past 12 months.&nbsp;
Retail NZ Chief Executive Carolyn Young told Ryan Bridge that's having ripple effects.&nbsp;
She says if consumers are earning less, they spend less, and if they're anxious about their job security, they tend to reduce their discretionary spending.&nbsp;
LISTEN ABOVE&nbsp;

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Carolyn Young: Retail NZ CEO on the rising unemployment rate and its impact on the economy

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2b19c4b8-27d3-4e7d-bdac-b332000a5ef1/transcript

A Russian drone has hit a train near the Ukraine-Poland border, moments after former UK Prime Minister Boris Johnson and other top European security officials had been present.

No one died in the attack, and all passengers were safely evacuated.

Johnson had been passing along the same line on a different train, returning from a conference in Kyiv.

UK correspondent Gavin Grey says there's plenty of speculation behind the motives of the strike, with Ukraine claiming Johnson's train was the intended target.

LISTEN ABOVE

A Russian drone has hit a train near the Ukraine-Poland border, moments after former UK Prime Minister Boris Johnson and other top European security officials had been present.
No one died in the attack, and all passengers were safely evacuated.
Johnson had been passing along the same line on a different train, returning from a conference in Kyiv.
UK correspondent Gavin Grey says there's plenty of speculation behind the motives of the strike, with Ukraine claiming Johnson's train was the intended target.
LISTEN ABOVE

Gavin Grey: UK correspondent on Russian drone striking train behind Boris Johnson and other dignitaries near Ukraine border

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ebdcd00a-c4cc-4990-b8fd-b4c40164b979/transcript

The UK's GDP grew by 0.4 percent in July, surprising economists after no growth was predicted.

The economic growth was driven by several key sectors, and boosted by more businesses investing in AI and data centres.

Business correspondent Vicky Pryce says the World Cup also helped contribute to the growth, with more people spending money in pubs and restaurants over the July period.

LISTEN ABOVE

The UK's GDP grew by 0.4 percent in July, surprising economists after no growth was predicted.
The economic growth was driven by several key sectors, and boosted by more businesses investing in AI and data centres.
Business correspondent Vicky Pryce says the World Cup also helped contribute to the growth, with more people spending money in pubs and restaurants over the July period.
LISTEN ABOVE

Vicky Pryce: business correspondent on the UK GDP going up by 0.4 percent

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/fa8ff6f7-82df-442e-b103-b4c40161e171/transcript

The City Rail Link finally launched over the weekend and it's set to bring extra foot traffic to Auckland CBD, but concerns have been raised over the potential risks.

National's promising a dedicated Auckland Transport police team if elected, pledging an extra $7 million per year through Budget 2027 to recruit the extra officers.

Auckland Councillor Alf Filipaina says this is the right move, and he's been consistent in saying that the community needs to be protected.

"We need to protect the community, in particular, within the CRL - along with the transport officers." 

LISTEN ABOVE

The City Rail Link finally launched over the weekend and it's set to bring extra foot traffic to Auckland CBD, but concerns have been raised over the potential risks.
National's promising a dedicated Auckland Transport police team if elected, pledging an extra $7 million per year through Budget 2027 to recruit the extra officers.
Auckland Councillor Alf Filipaina says this is the right move, and he's been consistent in saying that the community needs to be protected.
"We need to protect the community, in particular, within the CRL - along with the transport officers."&nbsp;
LISTEN ABOVE

Alf Filipaina: Auckland Councillor on the launch of the City Rail Link and whether extra police are needed

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/bca7d86b-6e55-4c8b-b958-b4c4015d2988/transcript

Carolyn Young: Retail NZ CEO on the rising unemployment rate and its impact on the economy

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