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Catherine Beard: Business NZ Director of Advocacy on how unemployment is impacting the business sector
Unemployment is continuing to rise.
New figures from Stats NZ show the unemployment rate was 4.3% in the March quarter, up 0.3 percentage points from 4% in the December quarter.
The unemployment rate has been steadily rising since reaching a record low of 3.2% in the December 2021 quarter.
Business NZ Director of Advocacy Catherine Beard told Mike Hosking that the biggest problems businesses are seeing is a slowdown in demand from consumers as opposed to unemployment.
It’s a bit of a crunchy time we’re going through, she said.
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