Higher unemployment reinforces another rate cut
The jobless rate rise to 5.3% in the September quarter is the highest since late 2016.
There were 160,000 unemployed people in the September quarter.
More Kiwis are out of work as the tough economy puts the squeeze on households and businesses.
Statistics NZ data today showed the unemployment rate rose to 5.3% in the September quarter, up from 5.2% in the June quarter, as widely expected. It is the highest unemployment rate since late 2016.
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