A warning of more tough times and job losses ahead.

Latest data due out this morning is expected to show the unemployment rate has reached 4.7%, up from 4.3% in the previous quarter.

A higher unemployment rate will give the Reserve Bank more confidence to cut the Official Cash Rate.

But Westpac senior economist Michael Gordon told Mike Hosking what is certain is more people will be finding themselves out of work sooner or later.

He says whatever today's number is, unemployment is likely to peak at 5.5% in the current cycle.

LISTEN ABOVE

A warning of more tough times and job losses ahead. 
Latest data due out this morning is expected to show the unemployment rate has reached 4.7%, up from 4.3% in the previous quarter. 
A higher unemployment rate will give the Reserve Bank more confidence to cut the Official Cash Rate. 
But Westpac senior economist Michael Gordon told Mike Hosking what is certain is more people will be finding themselves out of work sooner or later. 
He says whatever today's number is, unemployment is likely to peak at 5.5% in the current cycle. 
LISTEN ABOVE

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

Michael Gordon: Westpac Senior Economist ahead of today's employment data release

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a9456d25-dc6c-4c02-89ee-b1c40149d44a/transcript

Advertisement