Nick Tuffley: ASB Chief Economist ahead of the unemployment figures forecast

Published: Feb. 6, 2024, 8:05 p.m.

A bump to New Zealand's unemployment figures is forecast later this morning.\xa0

A number of economists believe it will land at 4.3%, up from the September quarter's 3.9%.\xa0

ASB Chief Economist Nick Tuffley agrees.\xa0

He told Mike Hosking that it's important to bear in mind that these figures bounce around quarter-to-quarter.\xa0

Tuffley says the trend they're looking for is the weaker labour market, slowing employment growth, and slowing wage growth.\xa0

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