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.
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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