Wages and unemployment numbers both rise
Morning Report
English - November 01, 2023 17:45 - 6 minutes - 5.55 MB - ★★★★ - 11 ratingsNews Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Unemployment reaches highest rate in two years
Next Episode: Business News for 2 Novemeber 2023
The latest labour market data shows wages are up - but so is unemployment.
The under-utilisation rate - which reflects untapped capacity in the market, like people who are unemployed but available to work - is also up by half a percentage.
The Reserve Bank is likely to be happy as it looks to slow inflation - but what do these figures mean for businesses?
Chief executive of Business New Zealand Kirk Hope spoke to Corin Dann.