The Employers and Manufacturers Association says businesses are forging ahead despite a sluggish economy. 

The unemployment rate rose to 5.6% in June – the highest level in 11 years. 

Economists point to the war in Iran as one factor behind the rise, creating uncertainty and making businesses cautious about hiring. 

EMA Head of Advocacy Alan McDonald told Mike Hosking he’s hopeful we’ve reached the peak – there’s good things happening under the surface, so hopefully soon we can start turning the other way.  

He says there was quite a sharp dip in confidence when the Iran war began, but they’re seeing more people deciding they won’t hang around until circumstances get better, they’ll just get on with life. 

LISTEN ABOVE 

The Employers and Manufacturers Association says businesses are forging ahead despite a sluggish economy.&nbsp;
The unemployment rate rose to 5.6% in June – the highest level in 11 years.&nbsp;
Economists point to the war in Iran as one factor behind the rise, creating uncertainty and making businesses cautious about hiring.&nbsp;
EMA Head of Advocacy Alan McDonald told Mike Hosking he’s hopeful we’ve reached the peak – there’s good things happening under the surface, so hopefully soon we can start turning the other way. &nbsp;
He says there was quite a sharp dip in confidence when the Iran war began, but they’re seeing more people deciding they won’t hang around until circumstances get better, they’ll just get on with life.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Alan McDonald: Employers and Manufacturers Association Head of Advocacy on the unemployment rate rising to 5.6%

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/3b17605f-9b7f-4b12-938f-b49d01590397/transcript