3 Nov 2021

Fall in unemployment rate could be good for higher wages

From Midday Report, 12:45 pm on 3 November 2021

The unemployment rate has fallen further to 3-point-4 percent.

That's contributing to a tight labour market, which in theory, would mean in-demand workers can demand higher rates of pay.

And to an extent, they are but is it enough to keep up with the rising costs of rent, fuel, food?

Council of Trade Unions economist Craig Rennie has been crunching the numbers and talks to Max Towle.