Henry Russell: ANZ Economist on the probably spike to the unemployment rate

A spike to New Zealand's unemployment rate may be on the cards later this morning.  Multiple bank economists estimate it to land at 4.3%, up from the September quarter's 3.9%.   ANZ Economist, Henry Russell told Mike Hosking that he agrees.  He says the key driver is the ongoing recovery in labour supply, reflecting the record net-migration we've seen.  LISTEN ABOVE See omnystudio.com/listener for privacy information.