Is 5.6% unemployment just the start of a longer slump?
Unemployment has risen again – and it’s worse than everyone expected.
Stats NZ figures show the unemployment rate increased to 5.6 percent in the June quarter.
That's up from 5.4 percent in the March quarter and it's slighter higher than most economists were predicting.
So, what does that mean? Should we panic? Or is this just part and parcel of an economy in recovery?
Today on The Front Page, NZ Herald business editor at large Liam Dann is with us to break down the numbers and what it means for our future.
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The skinny
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