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Retail sales dipped at end of 2020

Covid-19: Tourism industry warned it needs to hang on for one more year

Unemployment figures expected to be higher in December quarter

Unemployment figures expected to be higher in December quarter © RNZ New labour market data out this week is predicted to show the worst of the jobs losses are behind us. Market consensus is that the unemployment rate rose from 5.3 to about 5.5 percent over the December quarter. ANZ bank is of the view unemployment inched slightly higher at 5.6 percent, adding that there may be some statistical quirks in the data, but it would paint a clearer picture of some of the recent deterioration in the labour market. Senior economist Miles Workman said the increase in the unemployment rate is less a sign of jobs being lost, rather an indication of more people returning to the labour force.

Job losses: Is the worst now behind us?

Job losses: Is the worst now behind us? 31 Jan, 2021 09:25 PM 4 minutes to read RNZ By: RNZ New labour market data out this week is predicted to show the worst of the jobs losses are behind us. Market consensus is that the unemployment rate rose from 5.3 to about 5.5 per cent over the December quarter. Read More ANZ bank is of the view unemployment inched slightly higher at 5.6 per cent, adding that there may be some statistical quirks in the data, but it would paint a clearer picture of some of the recent deterioration in the labour market. Senior economist Miles Workman said the increase in the unemployment rate is less a sign of jobs being lost, rather an indication of more people returning to the labour force.

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