Unemployment unlikely to exceed forecasts of 5.5%
Jobless rate to track higher but a 'materially worse' outcome unlikely, Forsyth Barr's Zoe Wallis says.
Westpac senior economist Michael Gordon speaks with Jonathan Mitchell.
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Businesses have hit pause on hiring as instead they lay off staff in a tough economy – but unemployment is unlikely to move dramatically above current estimates of about 5.5%, economists say.
Yesterday, Stats NZ data showed unemployment rose to 4.8% in the September quarter, below expectations of
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