New data out this morning is expected to show more of us are out of a job. 

Stats NZ is releasing the latest unemployment rate at 10.45. 

Most economists expect it will rise from 4.6% in the June quarter to 5% in the September quarter. 

But NZIER Principal Economist Christina Leung told Mike Hosking she expects it will rise even higher. 

She says they believe the unemployment rate will peak at just under 6% towards the end of 2025. 

LISTEN ABOVE 

New data out this morning is expected to show more of us are out of a job.&nbsp;
Stats NZ is releasing the latest unemployment rate at 10.45.&nbsp;
Most economists expect it will rise from 4.6% in the June quarter to 5% in the September quarter.&nbsp;
But NZIER Principal Economist Christina Leung told Mike Hosking she expects it will rise even higher.&nbsp;
She says they believe the unemployment rate will peak at just under 6% towards the end of 2025.&nbsp;
LISTEN ABOVE&nbsp;

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, 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

Christina Leung: NZIER Principal Economist on the unemployment rate which is expected to rise

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/08659817-201c-422f-aff1-b21f0135a184/transcript

If you forget the politics for a moment, a trait of Donald Trump I admire is his unrelenting persistence and unwavering belief. 

In a contest no one can confidently call based on fact, as opposed to feels, or gut, or hope, I think I can very confidently say if Biden had stayed in it, it wouldn't even be close. 

Age for age, just the sight of Trump stampeding across the landscape in the way he does would have left Biden gasping. 

Trump out-campaigned Hillary Clinton 10 years ago. He might well be doing the same thing in 2024. 

Biden was the antidote, and it worked, but they never thought past that. That will be a soul-searching exercise as to why not later tonight if things don’t go well. 

The sad bit about Trump for me is he isn't very good. He doesn’t represent high office well, which isn't to say he can't win, obviously, or indeed win twice. 

There is a combination of luck and genius in his recipe. He got lucky he faced Clinton, a Washington insider with a pile of shabby baggage. 

He got lucky he faced Biden, who was so bad they ejected him for another insider, not so much with baggage this time, just nothing your average American can get their head around. 

What I can't work out is whether it's luck, or genius he's been able to become impervious to scandal. 

Forget the fringe nutters - the simple truth is he is a convicted felon. He is a grubby, loudmouth with no sophistication. He's just a wannabe desperate for high office and power. 

Not that he wasn’t a half-decent president. Too many of the Liberals who hate him forget that the world didn’t end between 2016 and 2020. 

He's a conservative on economics and the economy was fine, if not healthy. He's an isolationist, which suits a lot of Americans because "America first" resonates. 

My international high point was his success with NATO. He embarrassed a record number of countries into paying their way. That's solid leadership. 

I dislike his dishonesty. 

When he was president, it wasn’t the greatest economy, as he claims. 

He wasn’t the greatest president. It wasn’t the cleanest air and the purest water 

Essentially, he's full of bullsh*t. But a lot of the BS is show and the Liberals don't see that. 

He doesn’t want the media literally shot. You can't take him literally. Why can't they see that? 

That’s why so many of them will combust if he wins, as they have no sense of humour, or at least of the absurd, which is what this race has been. 

I ask you this - is the bigger story Trump winning, or the Democrats not being able to win? 

Because if you want a gut call, I think that’s how it's going to play out. 

If you forget the politics for a moment, a trait of Donald Trump I admire is his unrelenting persistence and unwavering belief.&nbsp;
In a contest no one can confidently call based on fact, as opposed to feels, or gut, or hope, I think I can very confidently say if Biden had stayed in it, it wouldn't even be close.&nbsp;
Age for age, just the sight of Trump stampeding across the landscape in the way he does would have left Biden gasping.&nbsp;
Trump out-campaigned Hillary Clinton 10 years ago. He might well be doing the same thing in 2024.&nbsp;
Biden was the antidote, and it worked, but they never thought past that. That will be a soul-searching exercise as to why not later tonight if things don’t go well.&nbsp;
The sad bit about Trump for me is he isn't very good. He doesn’t represent high office well, which isn't to say he can't win, obviously, or indeed win twice.&nbsp;
There is a combination of luck and genius in his recipe. He got lucky he faced Clinton, a Washington insider with a pile of shabby baggage.&nbsp;
He got lucky he faced Biden, who was so bad they ejected him for another insider, not so much with baggage this time, just nothing your average American can get their head around.&nbsp;
What I can't work out is whether it's luck, or genius he's been able to become impervious to scandal.&nbsp;
Forget the fringe nutters - the simple truth is he is a convicted felon. He is a grubby, loudmouth with no sophistication. He's just a wannabe desperate for high office and power.&nbsp;
Not that he wasn’t a half-decent president. Too many of the Liberals who hate him forget that the world didn’t end between 2016 and 2020.&nbsp;
He's a conservative on economics and the economy was fine, if not healthy. He's an isolationist, which suits a lot of Americans because "America first" resonates.&nbsp;
My international high point was his success with NATO. He embarrassed a record number of countries into paying their way. That's solid leadership.&nbsp;
I dislike his dishonesty.&nbsp;
When he was president, it wasn’t the greatest economy, as he claims.&nbsp;
He wasn’t the greatest president. It wasn’t the cleanest air and the purest water&nbsp;
Essentially, he's full of bullsh*t. But a lot of the BS is show and the Liberals don't see that.&nbsp;
He doesn’t want the media literally shot. You can't take him literally. Why can't they see that?&nbsp;
That’s why so many of them will combust if he wins, as they have no sense of humour, or at least of the absurd, which is what this race has been.&nbsp;
I ask you this - is the bigger story Trump winning, or the Democrats not being able to win?&nbsp;
Because if you want a gut call, I think that’s how it's going to play out.&nbsp;

Mike's Minute: Trump is full of bullsh*t - but I think he'll win

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/202e65f7-ff2d-48d6-9842-b21f015bd691/transcript

New Zealand trainer Sheila Laxon is celebrating a second Melbourne Cup victory, 23 years after her first. 

Knight's Choice —who she works with alongside John Symons— won by a nose at Flemington. 

Laxon prepped Ethereal to the crown in 2001, the last New Zealand-owned and trained horse to triumph. 

She told Mike Hosking there was a touch of deja vu. 

LISTEN ABOVE 

New Zealand trainer Sheila Laxon is celebrating a second Melbourne Cup victory, 23 years after her first.&nbsp;
Knight's Choice —who she works with alongside John Symons— won by a nose at Flemington.&nbsp;
Laxon prepped Ethereal to the crown in 2001, the last New Zealand-owned and trained horse to triumph.&nbsp;
She told Mike Hosking there was a touch of deja vu.&nbsp;
LISTEN ABOVE&nbsp;

Sheila Laxon: Knight's Choice trainer on their win at the Melbourne Cup

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/05cac5d3-8e6a-4692-865b-b21f0154e099/transcript

On the Mike Hosking Breakfast Full Show Podcast for Wednesday the 6th of November, it is US Election Day! The Dem's Mark Gilbert and the GOP's Matt Terrill give their takes on the race and how tight it will be. 

Sheila Laxon is back in the winners circle at the Melbourne Cup after Knight's Choice won in a photo finish. The Kiwi trainer joins us after what was likely a big night of celebrating. 

Ginny Andersen and Mark Mitchell joined Mike for Politics Wednesday, talking about whether there was a 3-year-old left behind in the Ōpōtiki gang raids, how Labour works with the Māori Party, and gun reform. 

Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts. 

LISTEN ABOVE 

On the Mike Hosking Breakfast Full Show Podcast for Wednesday the 6th of November, it is US Election Day! The Dem's <a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/mark-gilbert-former-us-ambassador-to-new-zealand-on-the-democrats-chances-in-the-us-election/">Mark Gilbert</a> and the GOP's <a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/matt-terrill-marco-rubios-former-chief-of-staff-on-the-potential-outcomes-of-the-us-election/">Matt Terrill</a> give their takes on the race and how tight it will be.&nbsp;
Sheila Laxon is back in the winners circle at the Melbourne Cup after Knight's Choice won in a photo finish. The Kiwi trainer joins us after what was likely a big night of celebrating.&nbsp;
Ginny Andersen and Mark Mitchell joined Mike for Politics Wednesday, talking about whether there was a 3-year-old left behind in the Ōpōtiki gang raids, how Labour works with the Māori Party, and gun reform.&nbsp;
Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.&nbsp;
LISTEN ABOVE&nbsp;

Full Show Podcast: 06 November 2024 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5e2af74b-9109-492d-b950-b21f014c427b/transcript

Christina Leung: NZIER Principal Economist on the unemployment rate which is expected to rise

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