The sluggish job market is another bump in our road to economic recovery, according to some recent predictions.

The unemployment rate's sitting at 5.2 percent - its highest point in five years. 

In late 2021, it was just 3.2 percent. 

Westpac senior economist, Michael Gordon, says it shows our economic slowdown's ongoing. 

He says it's not too surprising, given the Reserve Bank's moves to control inflation. 

"I think we're getting towards the end - we have seen economic activity picking up, but it's just not coming through in terms of businesses needing to hire just yet." 

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The sluggish job market is another bump in our road to economic recovery, according to some recent predictions.
The unemployment rate's sitting at 5.2 percent - its highest point in five years.&nbsp;
In late 2021, it was just 3.2 percent.&nbsp;
Westpac senior economist, Michael Gordon, says it shows our economic slowdown's ongoing.&nbsp;
He says it's not too surprising, given the Reserve Bank's moves to control inflation.&nbsp;
"I think we're getting towards the end - we have seen economic activity picking up, but it's just not coming through in terms of businesses needing to hire just yet."&nbsp;
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Michael Gordon: Westpac senior economist on the unemployment rate rising to 5.2 percent

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b1f6d4f9-a82c-4c3b-beea-b331005f7482/transcript