Economists expect 3Q unemployment rose as economy slowed

Economists expect 3Q unemployment rose as economy slowed
Rebecca Howard
Unemployment probably ticked up from an 11-year low in the September quarter on softer economic conditions but may not be enough to trigger another interest rate cut. Economists polled by Bloomberg forecast unemployment was 4.1 percent in the three months ended Sept. 30, versus 3.9 percent in the June quarter. Statistics New Zealand is scheduled to release the data on Wednesday.Westpac Bank economist Michael Gordon said he expects the unemployment rate lifted to 4.2 percent with indicators suggesting “growth was particularly subdued” in th...

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NZ sharemarket rises with gentailers leading
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NZ sharemarket rises with gentailers leading

Electricity gentailers pumped energy into the NZX.

Steven Joyce to chair NZME
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Steven Joyce to chair NZME

Tech expert Bowen Pan will also join, later on. 

NZME set to take on Trade Me for car sales
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NZME set to take on Trade Me for car sales

Publicly listed NZME, owner of the NZ Herald and BusinessDesk, says it is exploring a new automotive digital classifieds platform, in a clear bid to take on Trade Me.Seeking to emulate the success of its property platform OneRoof, NZME said on Friday it had signed a memorandum of...

Bremworth getting back into synthetics
Primary Sector

Bremworth getting back into synthetics

Albeit in a small, but carefully curated, number of products.