A warning we've been burnt by high hopes for economic recovery.
Stats NZ data out today puts unemployment at 5.4 percent in the December quarter.
The numbers were less severe than forecasts from Treasury, but still reflect a 10 year unemployment high.
Infometrics Principal Economist Brad Olsen says the talk about getting momentum back last year fell short.
"For businesses, they need to see stronger business sales coming through their front door before they commit to hiring more workers."
LISTEN ABOVE

Full Show Podcast: 24 April 2026
1:40:00

Perspective with Heather du Plessis-Allan: 'You can’t hate what Jacinda did and then love what Chris Luxon has done'
02:20

Dan Mitchinson: US Correspondent on fuel crisis and rise of 'no-contact'
03:46