VIDEO: Bill English on rising unemployment

Finance Minister Bill English

The big question this week is – has the economy hit the skids?

It is what we are all asking following the release of the household labour force survey.

7.3 percent unemployment up 0.5 percent. That means 175,000 kiwis are now without work and another 145,000 workers are knocking on the door asking for more hours.

Duncan Garner spoke with Bill English for TV3's The Nation and started by asking him is this a blip? Or something more serious?

Video courtesy Front Page.

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NZ Market Snapshot

Forex

Sym Price Change
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AUD 0.9520 0.0004 0.04%
EUR 0.6330 0.0002 0.03%
GBP 0.4965 0.0001 0.02%
HKD 6.0340 0.0015 0.02%
JPY 92.4900 -0.0550 -0.06%

Commods

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Gold Index 1198.3 8.880 2014-12-18T00:
Oil Brent 59.3 -1.910 2014-12-18T00:
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Silver Index 15.9 0.010 2014-12-18T00:

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NASDAQ 4712.4 4748.4 4644.3 2.24%
DAX 9711.6 9811.1 9544.4 2.79%
DJI 17367.8 17778.4 17356.9 2.43%
FTSE 6336.5 6466.0 6336.5 2.04%
HKSE 22878.3 22935.0 22585.8 1.09%
NI225 17511.0 17548.4 17210.0 1.82%