15 Dec 2023

Higher unemployment looms, CTU says

From Morning Report, 7:41 am on 15 December 2023

The Council of Trade Union's chief economist says higher unemployment is looming. Stats New Zealand released economic figures yesterday - showing the economy shrank 0.3 per cent in the three months ending September. It also revised figures for the June quarter - showing a 0.5 per cent GDP rise, compared to the 0.9 per cent reported. The union's Craig Renney said this shows the economy is weaker than assumed. He spoke with Corin Dann.