A spike to New Zealand's unemployment rate may be on the cards later this morning.

Multiple bank economists estimate it to land at 4.3%, up from the September quarter's 3.9%. 

ANZ Economist, Henry Russell told Mike Hosking that he agrees.

He says the key driver is the ongoing recovery in labour supply, reflecting the record net-migration we've seen.

LISTEN ABOVE

A spike to New Zealand's unemployment rate may be on the cards later this morning. 
Multiple bank economists estimate it to land at 4.3%, up from the September quarter's 3.9%.  
ANZ Economist, Henry Russell told Mike Hosking that he agrees. 
He says the key driver is the ongoing recovery in labour supply, reflecting the record net-migration we've seen. 
LISTEN ABOVE

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.