A commentary by Andrew Patterson discusses Bank of New Zealand's updated forecast that unemployment could peak near 6% later this year, highlighting weakening hiring intentions and existing slack in the labour market.
Stacked weekly counts; colour by editorial lean. Stuff and The Spinoff lean centre-left, NZ Herald centre-right, others centre.
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economy has significant disinflationary surplus
BNZ lifts unemployment rate forecast as hiring intentions softenunderutilisation reaches post-pandemic peak
Unemployment rate rises to highest level since 2020Spotted something wrong on this page? Report a correction.
