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Economics
4 mins to read

Unemployment, wages head in RBNZ’s desired direction

Unemployment rose a touch above expectations in the June quarter, inflation the big unknown.

BNZ chief economist Mike Jones speaks with Jonathan Mitchell.

The RBNZ cannot yet claim a clear victory over inflation, but new data this week indicates further steps in the desired direction.

Stats NZ data showed unemployment rose to 3.6% in the June quarter, while wage inflation remained elevated. Economists had broadly expected unemployment to hit 3.5%, a

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Jonathan Mitchell Thu, 03 Aug 2023
Contact the Writer: jmitchell@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Unemployment, wages head in RBNZ’s desired direction
Economics,
100187
true