While there are signs of light at the end of the economic tunnel, the job market is likely to remain tough for a little while yet. 

The unemployment rate has risen to 4.8%. 

It's lower than expected as more people are leaving the labour force, many opting for retraining or retirement instead. 

Finance Minister Nicola Willis told Mike Hosking unemployment is likely to keep rising, as it always lags behind other economic indicators. 

She says it may not go reach the level some of the more pessimistic outlooks have predicted. 

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. 

While there are signs of light at the end of the economic tunnel, the job market is likely to remain tough for a little while yet. 
The unemployment rate has risen to 4.8%. 
It's lower than expected as more people are leaving the labour force, many opting for retraining or retirement instead. 
Finance Minister Nicola Willis told Mike Hosking unemployment is likely to keep rising, as it always lags behind other economic indicators. 
She says it may not go reach the level some of the more pessimistic outlooks have predicted. 
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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Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today.&nbsp;
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Nicola Willis: Finance Minister on the unemployment rate rising to 4.8%

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/84f0aada-8c0d-4eae-a5f7-b2200144f64c/transcript