Unemployment: how low can we go?

Maximum sustainable employment: the concept that after a certain point, job growth creates inflation. (Image: Deposit Photos)

Jem Traylen

Tue, 31 Aug 2021

In part four of a deep dive into the state of our labour markets, BusinessDesk provides an explainer on what the Reserve Bank’s goal of supporting maximum sustainable employment (MSE) means in practice.Part One: Is the labour market tight or what? Part Two: How NZ became reliant on migrant workers. Part Three: How to fix NZ's skilled worker problemBack in March, Reserve Bank of New Zealand (RBNZ) governor Adrian Orr said he would be waiting to see “the whites of the eyes of inflation and employment growth” b...

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