Higher unemployment could continue to be a handbrake on the country's economic recovery. 

More Kiwis are out of work, with unemployment now at a five-year high. 

And Kiwis that are working are earning less, with wages not keeping up with inflation over the past 12 months. 

Retail NZ Chief Executive Carolyn Young told Ryan Bridge that's having ripple effects. 

She says if consumers are earning less, they spend less, and if they're anxious about their job security, they tend to reduce their discretionary spending. 

LISTEN ABOVE 

The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.

Higher unemployment could continue to be a handbrake on the country's economic recovery.&nbsp;
More Kiwis are out of work, with unemployment now at a five-year high.&nbsp;
And Kiwis that are working are earning less, with wages not keeping up with inflation over the past 12 months.&nbsp;
Retail NZ Chief Executive Carolyn Young told Ryan Bridge that's having ripple effects.&nbsp;
She says if consumers are earning less, they spend less, and if they're anxious about their job security, they tend to reduce their discretionary spending.&nbsp;
LISTEN ABOVE&nbsp;
The podcasts in the&nbsp;SME&nbsp;Stream contain&nbsp;general information only, not financial&nbsp;or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.

Looking for actionable business insights all in one place? 

We're here to help you find a way with a curation of the ‘best bits’ from top business podcasts. 

Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today. 

 

Looking for actionable business insights all in one place? 
We're here to help you find a way with a curation of the &lsquo;best bits&rsquo; from top business podcasts. 
Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today.&nbsp;
&nbsp;