Although the labour market remains fairly healthy and employment is still within the RBNZ’s measures of the “maximum sustainable level”, the rise in the unemployment rate in the second quarter coupled with the recent plunge in business confidence suggests that the tide is turning.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services