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 

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.&nbsp;
The unemployment rate has risen to 4.8%.&nbsp;
It's lower than expected as more people are leaving the labour force, many opting for retraining or retirement instead.&nbsp;
Finance Minister Nicola Willis told Mike Hosking unemployment is likely to keep rising, as it always lags behind other economic indicators.&nbsp;
She says it may not go reach the level some of the more pessimistic outlooks have predicted.&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

Nicola Willis: Finance Minister on the unemployment rate rising to 4.8%

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f4bd455e-edfe-49a1-a5cf-b220013d367f/transcript

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