Catherine Beard: Business NZ Director of Advocacy on how unemployment is impacting the business sector

Early Edition on Newstalk ZB

Unemployment is continuing to rise.

New figures from Stats NZ show the unemployment rate was 4.3% in the March quarter, up 0.3 percentage points from 4% in the December quarter.

The unemployment rate has been steadily rising since reaching a record low of 3.2% in the December 2021 quarter.

Business NZ Director of Advocacy Catherine Beard told Mike Hosking that the biggest problems businesses are seeing is a slowdown in demand from consumers as opposed to unemployment.

It’s a bit of a crunchy time we’re going through, she said.

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