Unemployment has risen again. 

Latest figures from Stats NZ show the unemployment rate has reached 4.8% in the September quarter. 

That's up from 4.6% in the June quarter, and well up from 3.2% in the December 2021 quarter. 

NZ Herald Business Editor Liam Dann told Kerre Woodham that there was no question they would see people lose their jobs, but the fact that it came in lower than many forecasts is a good thing. 

He says that over the last 20 or 30 years, New Zealand has historically had an unemployment rate above 5%, so we are still below the historical average. 

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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. 

Unemployment has risen again. 
Latest figures from Stats NZ show the unemployment rate has reached 4.8% in the September quarter. 
That's up from 4.6% in the June quarter, and well up from 3.2% in the December 2021 quarter. 
NZ Herald Business Editor Liam Dann told Kerre Woodham that there was no question they would see people lose their jobs, but the fact that it came in lower than many forecasts is a good thing. 
He says that over the last 20 or 30 years, New Zealand has historically had an unemployment rate above 5%, so we are still below the historical average. 
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.

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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;
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Liam Dann: NZ Herald Business Editor on the unemployment rate rising to 4.8%

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/617dee23-5d3c-42c8-ba90-b2200144f64d/transcript

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