Unemployment figures rise unexpectedly
Fri, 10 Aug 2012 7:05a.m.
Against expectations, New Zealand's unemployment rate has risen slightly.
The rate was sitting at 6.7 percent, and was expected to drop to 6.5 percent, but has instead risen to 6.8 percent.
One of the key reasons is the Christchurch rebuild is lagging, meaning there have not been as many jobs as expected. The global economy is another significant factor.
On the housing front, there have been large increases in house prices in some parts of the country.
The Reserve Bank will take both unemployment and housing prices into consideration when reviewing interest rates.
Watch the video for the wrap by Business Editor Michael Wilson
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11/08/2012 12:35:39 a.m.
A brighter future - for overseas employers.
This is the do nothing government. Where is the focus on building new small businesses?
10/08/2012 5:06:46 p.m.
Kevin M wrote:
Certainly makes Mr English a liar or a wee bit thick,next time he addresses Grey power he should apologise for fibbing & also apologise on behalf of his party for advertising on there party web site derogatory remarks on those on any benefit.
10/08/2012 10:38:10 a.m.
I registered for the unemployment benefit 3 months ago. Before that i was a student at MIT for 3 years. And before that, i was stuck in a warehouse in south auckland for 5 years thinking to myself i could earn more than i was getting, that i could overcome the adversity i was in. Did i just waste 3 years of my life on educating to better myself only to be called a dole bludger.
10/08/2012 7:15:15 a.m.
Unexpected? National your policies dont seem to be working. Why would you suddenly expect things to change. Time for a major rethink it would seem instead of coming up with excuses. Brighter future? Yeah right
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