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

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.

Advertisement