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Midday Business News for 1 November 2023
Unemployment has increased to 3.9 percent in the third quarter.
Stats NZ labour market data for the three months ended September also shows wages rose 4.3 percent, but slowing from its peak earlier… Audio
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Latest figures show unemployment on the rise
Unemployment is on the rise, but those who are in work are earning higher wages.
The latest figures from Stats NZ show unemployment has increased to 3.9 percent in the last quarter, up from 3.6… Audio
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The tiny proposal causing Australia so much angst
It's just a "moderate, tiny proposal" over indigenous representation, but Australia's The Voice referendum has caused huge uproar. Audio
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Midday Business News for 27 September 2023
Sentiment about the labour market has turned negative and points to a rise in unemployment.
The Westpac McDermott Miller employment confidence index turned pessimistic in the September quarter and is… Audio
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National says traffic light policy for beneficiaries driven by 'love'
Cruel, dehumanising and out of touch. That's one description of National's policy to get more beneficiaries into work. But party leader Christopher Luxon's reckons it's a policy driven by love. If in… Video, Audio
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The electorate swing, Labour limbo and Luxon-Hipkins two-step
Chris Hipkins needs a new song and dance routine and fast, or he could be doing the limbo and losing the next generation of Labour's leaders. Video, Audio
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The nation's books are open and there are some ugly numbers to navigate
The nation's books have been opened - and while there is no forecast recession, and and inflation is expected to dip below 3 percent by December 2024, there are some ugly numbers in front of us. Tax… Audio
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Economist says PREFU likely to show unstable economic outlook
Treasury will this afternoon publish its Pre-election Economic and Fiscal Update - or PREFU - with much of the speculation being that it will paint a rocky economic picture.
It will outline forecasts… Audio
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Treasury to release its Pre-election Economic and Fiscal Update
Treasury will publish its Pre-election Economic and Fiscal Update - or PREFU - on Tuesday afternoon with much of the speculation being that it will paint a rocky economic picture.
The forecasts for… Audio
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Asia correspondent Ed White
Asia correspondent Ed White discusses US soldier Travis King, who fled mysteriously across the demilitarised zone separating South and North Korea, as North Korean media finally comment on it. And… Audio
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A superpower from ground level: A review of Frank Dikotter's China after Mao
Audio 14 Aug 2023A new history of modern China offers an alternative view on its meteoric economic rise. Frank Dikotter's China after Mao: The rise of a superpower builds its picture from the ground up.
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Midday Business News for 27 June 2023
Higher unemployment is likely on the way amid lower employment confidence as perceptions about job opportunities worsen.
Anan Zaki has the business news. Audio
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History with Dr Grant Morris
The biggest layoffs in NZ history. New Zealanders are being warned about a looming recession which will see unemployment rise. Some areas of the economy will be particularly hard hit. But how will it… Audio
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Hipkins juggles competing ideologies over PNG-US deal
Audio 27 May 2023Prime Minister Chris Hipkins' whistlestop trip to Papua New Guinea sends a clear message: superpowers may come and go, but New Zealand is here to stay.
The US and PNG signing a security deal is the… Audio
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Ruling won't stop Donald Trump running for president
Writer E.Jean Carroll has spoken after winning a defamation and sexual assault case against Donald Trump.
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The ruling won't stop… Audio
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CTU warns against continued aggressive interest rate rises
Trade unions are urging the Reserve Bank to halt aggressive interest rate rises, for the sake of the economy. In its half-yearly financial stability report yesterday, the bank said the country's… Audio
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Midday Business News for 3 May 2023
There's been no change in the country's unemployment figures.
Anan Zaki has the business news.
Audio
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Economists predict unemployment numbers will be marginally higher
Employment numbers for the three months ended March are due out on Wednesday. Economists are predicting unemployment will be marginally higher. RNZ business editor Gyles Beckford spoke with Ingrid… Audio
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Enrolment numbers fall at North Island universities
Enrolments numbers have taken a hit at North Island universities, despite the return of more international students.
Victoria University has had the biggest drop, with 1470 fewer domestic students… Audio
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Midday Business News for 15 December 2022
News from the business sector The economy grew faster than expected coming out of winter, driven by demand for travel and construction. The US Federal delivered the expected interest rate rise up 50… Audio
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Recession prediction leaves Labour with a labour problem
Dire economic predictions and high interest rates from the Reserve Bank this week have increased the pressure on Labour, and given National a chance to pitch itself as the solution.
The opposition… Audio
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Analysis: Recession looming in 2023
High inflation, lofty interest rates, growing unemployment and an extended recession.
It wasn't a forecast to celebrate from the Reserve Bank on Wednesday after it hiked the Official Cash Rate by a… Audio
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Official Cash Rate up 75 points to 4.25 percent - highest rise in a decade
There could be some collective belt tightening across New Zealand following the latest interest rate hike from the Reserve Bank, and yet another gloomy economic forecast.
The 75 basis point jump saw… Audio
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AK job expo at Mt Smart today offering more than 20000 jobs
Over two thousand jobs across multiple sectors will be on offer at an Auckland job expo at Mount Smart stadium today. Job seekers will even get the chance to see what the jobs in hospitality, health… Audio
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Calls grow for overstayer amnesty to help staff shortages
Calls are growing for an overstayer amnesty to help plug stubborn staff shortages. Across the economy, employers are struggling to find workers, with some having to close to give exhausted staff a… Audio
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Economy top concern for US voters in midterm elections
Polls suggest economy is the number one concern for voters going to the polls today in the US midterm election.
The economic situation is similar to that in New Zealand - unemployment is very low but… Audio
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Economist on latest financial stability report
Banks are being urged to lend a helping hand to families and businesses struggling with rising interest rates.
The plea comes from the Reserve Bank as it warns of tough times ahead in the fight… Audio
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Finance Minister doesn't want to see increase in unemployment
The Finance Minister says addressing inflation without increasing unemployment is a difficult balancing act.
Grant Robertson told Morning Report he's proud of the low unemployment rate and doesn't… Audio
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Reserve Bank Governor on plea to banks to be nice
Banks are being urged to lend a helping hand to families and businesses struggling with rising interest rates. The plea comes from the Reserve Bank as it warns of tough times ahead in the fight… Audio
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Banks called to support people under financial strain
Banks are being urged to step up and support families and businesses coming under financial strain as the pressure comes on from rising interest rates.
The plea comes from the Reserve Bank in a… Audio