Henry Russell: ANZ Economist on the rise in unemployment and the labour shortage

Economic pain is being felt in the latest employment numbers.  The unemployment rate is 4.3%, an increase of 0.3 percentage points from the December quarter.  ANZ economist Henry Russell told Mike Hosking that we've come out of a period of intense labour shortages, with migration doing the heavy lifting.  He says skill shortages remain and that's why we continue to import people into New Zealand.  LISTEN ABOVE   See omnystudio.com/listener for privacy information.