The lift in job advertising could mean unemployment falling
to about 5.5% by the end of the year, ANZ economist Steve
Edwards said yesterday.
The number of people facing more than six months without a
job in the South has more than doubled since 2009.
Otago has one of the country's lowest unemployment rates with
the South Island well ahead of the north when it comes to
lowering the number of people unemployed.
Employment data released yesterday, showing growth in
employment and a slight decline in unemployment, is a
reflection of New Zealand's strengthening economy, economists
New Zealand's unemployment rate was likely to keep ''bouncing
around'' 7% for the next six months, ANZ senior economist
Sharon Zollner said yesterday.
Unemployment results released this week were greeted with
justifications and cliches from the Government, explanations
and predictions from economists, and expected criticisms and
calls for action from Opposition parties and unions.
The "horrible" September unemployment numbers should mean the
forecast top levels of the United States-New Zealand dollar
cross are not tested, BNZ currency strategist Mike Jones
September's high unemployment figures continued to haunt the
Government yesterday, with Labour Party leader David Shearer
accusing the Government of trying to shrug off the bad news.
The Government had nowhere to hide yesterday when the
unemployment figures were released and they proved to be the
highest since March 1999, when Dame Jenny Shipley was prime
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