<description>&lt;p&gt;The Economic Growth Minister's confident the economy will turn a corner soon.&amp;nbsp;&lt;/p&gt; &lt;p&gt;Unemployment's reached 5.3% in the September quarter – the highest it's been since 2016.&amp;nbsp;&lt;/p&gt; &lt;p&gt;160 thousand Kiwis have been out of work and looking for a job, the most since 1994.&amp;nbsp;&lt;/p&gt; &lt;p&gt;Nicola Willis told Mike Hosking unemployment may rise further this quarter, but there are positives, like the increase in hours worked and a move from part time to full time work.&amp;nbsp;&lt;/p&gt; &lt;p&gt;She says these unemployment figures do bounce around a bit, so she certainly won't say unemployment is at its peak.&amp;nbsp;&lt;/p&gt; &lt;p&gt;&lt;strong&gt;LISTEN ABOVE&amp;nbsp;&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;See &lt;a href="https://omnystudio.com/listener"&gt;omnystudio.com/listener&lt;/a&gt; for privacy information.&lt;/p&gt;</description>

The Mike Hosking Breakfast

Newstalk ZB

Nicola Willis: Economic Growth Minister on the unemployment rate reaching 5.3%

NOV 5, 20253 MIN
The Mike Hosking Breakfast

Nicola Willis: Economic Growth Minister on the unemployment rate reaching 5.3%

NOV 5, 20253 MIN

Description

The Economic Growth Minister's confident the economy will turn a corner soon. 

Unemployment's reached 5.3% in the September quarter – the highest it's been since 2016. 

160 thousand Kiwis have been out of work and looking for a job, the most since 1994. 

Nicola Willis told Mike Hosking unemployment may rise further this quarter, but there are positives, like the increase in hours worked and a move from part time to full time work. 

She says these unemployment figures do bounce around a bit, so she certainly won't say unemployment is at its peak. 

LISTEN ABOVE 

See omnystudio.com/listener for privacy information.