One expert is warning the job market won't get easier any time soon.

The latest Stats NZ data shows the unemployment rate has reached an almost nine-year high of 5.3 percent in the September quarter.

That's 160,000 people looking for a job, and another 138,000 wanting more work.

Infometrics principal economist Nick Brunsdon says we're on the cusp of a recovery - but not a quick one.

"Our forecast is for it to hit 4.6 by the end of next year - and that's not a low unemployment rate by any means. It's still gonna be pretty uncomfortable."

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One expert is warning the job market won't get easier any time soon.
The latest Stats NZ data shows the unemployment rate has reached an almost nine-year high of 5.3 percent in the September quarter.
That's 160,000 people looking for a job, and another 138,000 wanting more work.
Infometrics principal economist Nick Brunsdon says we're on the cusp of a recovery - but not a quick one.
"Our forecast is for it to hit 4.6 by the end of next year - and that's not a low unemployment rate by any means. It's still gonna be pretty uncomfortable."
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

Nick Brunsdon: Infometrics Principal Economist on unemployment reaching 5.3 percent in the September quarter

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/91a8e55c-25d3-4007-83a2-b38c004cf63c/transcript

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