Winners and losers: Beyond the headline jobs number

Winners and losers: Beyond the headline jobs number
Andy Fyers
News that the official unemployment rate fell to 4.9 percent in the December quarter is a stunning result for the economy.It is the latest in a long line of unexpectedly good pieces of economic data.No doubt forecasters will be furiously updating their outlook to the upside and another round of more optimistic economic forecasts are sure to be issued in coming days.A negative official cash rate from the Reserve Bank, or even further cuts, look even less likely.But the headline unemployment figure obscures some of the underlying changes that hav...

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Staff reporters 20 Dec 2024
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Massive GDP fall: NZ in deep recession
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New Zealand’s gross domestic product fell 1.0% in the September 2024 quarter.The massive fall came after a revised 1.1% decrease in the June 2024 quarter, according to figures released by Stats NZ on Thursday.“The structure of the New Zealand economy can change quickly, which is...

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