Inflation 'dream' risks becoming employment nightmare

Reserve Bank of NZ governor Adrian Orr's interest rate hikes look like they are finally coming through on employment numbers. (Image: NZME)

Dileepa Fonseka

Thu, 02 Nov 2023

Walking out of the Stats New Zealand offices, a social worker on the street opposite shouts out and asks BusinessDesk what’s been happening in the building everyone is coming out of. Reporters have just heard the latest unemployment numbers at Stats NZ’s Auckland headquarters, which sits on Greys Ave in the CBD opposite the recently finished Te Mātāwai social housing complex. Told the newest numbers are out, the social worker has no hesitation in predicting the figures have gone up because it is a “dream”, as...

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