Unemployment Up

The number of people unemployed rose by 7.000 in the latest Household Labour Force Survey. This saw the unemployment rate go up to 3.9% (a two year high). It is forecast to make 6% by the Reserve Bank.

The number of people in the force and employed also increased. I am not surprised as I thought the fall in the last quarter of 28,000 was too extreme, and that rebounded this quarter.So the may not be as weak as some have thought.

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