Most economists expect the latest unemployment figures to show the labour market has finally turned a corner.  

Stats NZ is releasing its latest quarterly data at 10.45am. 

Westpac is picking a fall from 5.6% to 5.5% for Q3 – the first drop in five years. 

Chief Economist Kelly Eckhold told Mike Hosking we've seen the strongest quarter of employment growth since the start of 2023, and that combined with slower population growth adds up to a falling unemployment rate. 

He says our economic growth is still unbalanced, but there's enough that we should see falls in the unemployment rate throughout the next year and a half.  

LISTEN ABOVE 

Most economists expect the latest unemployment figures to show the labour market has finally turned a corner. &nbsp;
Stats NZ is releasing its latest quarterly data at 10.45am.&nbsp;
Westpac is picking a fall from 5.6% to 5.5% for Q3 – the first drop in five years.&nbsp;
Chief Economist Kelly Eckhold told Mike Hosking we've seen the strongest quarter of employment growth since the start of 2023, and that combined with slower population growth adds up to a falling unemployment rate.&nbsp;
He says our economic growth is still unbalanced, but there's enough that we should see falls in the unemployment rate throughout the next year and a half. &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,...

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Kelly Eckhold: Westpac Chief Economist on the expectation the unemployment rate will fall slightly in Q3

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e0b63fce-156b-4bb5-9ef5-b4f7014fcd66/transcript