An expected quarterly rise in our unemployment rate.

Stats NZ data shows it's at 3.9% for the three months to September, up from 3.6% last quarter, and 3.2% a year ago.

NZ Herald Business Editor, Liam Dann, told Tim Beveridge that while unemployment going up isn’t generally considered a good thing, a bit of “slack” in the labour market is needed to help combat inflation.

He said that 3.9% is still, historically, very low.

LISTEN ABOVE

An expected quarterly rise in our unemployment rate. 
Stats NZ data shows it's at 3.9% for the three months to September, up from 3.6% last quarter, and 3.2% a year ago. 
NZ Herald Business Editor, Liam Dann, told Tim Beveridge that while unemployment going up isn’t generally considered a good thing, a bit of “slack” in the labour market is needed to help combat inflation. 
He said that 3.9% is still, historically, very low. 
LISTEN ABOVE

Join Kerre Woodham one of New Zealand’s best loved personalities as she dishes up a bold, sharp and energetic show Monday to Friday 9am-12md on Newstalk ZB. News, opinion, analysis, lifestyle and entertainment – we’ve got your morning listening covered.