The podcast warns that despite a stable unemployment rate, New Zealand faces growing risks of stagflation due to rising inflation and weakening labour market conditions, with deeper indicators like underutilisation and wage growth revealing underlying economic strain.
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How this topic has been named, week by week. A new alias winning out is usually a framing shift.
How the news corpus has covered this same topic over the last 12 weeks. 1 article from RNZ, Stuff, NZ Herald, ODT, 1News, Newsroom and The Spinoff. Click through to the press view for the full panel.
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New Zealand's unemployment rate is expected to hold steady, at least on paper, when new data is released this week. But beneath that headline number, economists are warning the labour market may already be weakening just as global tensions and an oil shock begin to bite. There are also growing concerns about something called stagflation, where higher unemployment and rising inflation collide. And what that could mean for households and the wider economy. Today on the front page NZ Herald Business Editor at large Liam Dann is with us to unpack what to look for in the latest data, what it really tells us about the state of our economy and what could come next.
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policy-driven fluctuations obscure true unemployment
Stagflation warning: Why a flat unemployment rate may still spell trouble aheadSpotted something wrong on this page? Report a correction.
