Figures, due out this morning, are expected to show unemployment's hit a nine-year high. 

Stats NZ is releasing its latest unemployment update at 10.45am. 

Economists expect the rate to have reached 5.3% in the June quarter, up from 5.1% for the March quarter. 

Westpac Senior Economist Michael Gordon told Ryan Bridge they expect the peak unemployment rate to be around 5.3% or slightly higher. 

He says that the labour market tends to be one of the more lagging parts of the economic cycle. 

LISTEN ABOVE 

Figures, due out this morning, are expected to show unemployment's hit a nine-year high.&nbsp;
Stats NZ is releasing its latest unemployment update at 10.45am.&nbsp;
Economists expect the rate to have reached 5.3% in the June quarter, up from 5.1% for the March quarter.&nbsp;
Westpac Senior Economist Michael Gordon told Ryan Bridge they expect the peak unemployment rate to be around 5.3% or slightly higher.&nbsp;
He says that the labour market tends to be one of the more lagging parts of the economic cycle.&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

Michael Gordon: Westpac Senior Economist on the unemployment rate

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e235bd5b-0d99-4c2f-baf9-b3300180c4fb/transcript