This week we’ve delved into the latest labour market stats. A fitting topic as we farewell MJ on her last episode on the podcast and her time at Kiwibank. We also talk about what we’ve seen in our own hiring process
The headline unemployment rate has lifted from 5.3% to 5.4%. At first glance, the move doesn’t look good. But beneath the bonnet, there’s encouraging signs that the appetite for labour is improving. From the lift in employment to the uptick in the total hours worked.
At the same time though, we’ve also seen an influx of people dusting off their CVs and reengaging with the jobs market. The labour force saw the strongest increase in two and a half years. And we’ve seen an uptick in participation. But while more talent is coming forward, labour demand isn’t yet strong enough to fully absorb the influx of new job seekers.
Hosted by Jarrod Kerr, Mary Jo Vergara and Sabrina Delgado.
Follow our economic commentary & insights here: https://www.kiwibank.co.nz/business-banking/thrive-hq/kiwi-economics/commentary-insights/
Any views or information shared in this podcast, while given in good faith, aren't necessarily the view of Kiwibank.
