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19 Apr 2024 13:29
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  •   Home > News > Politics

    Concerns high unemployment rates will stick around longer than expected

    Concerns high unemployment rates will stick around longer than expected


    Treasury has estimated unemployment will peak at 9.8 percent in September, then bounce back to 5.7 percent by 2022.

    But Infometrics Senior Economist Brad Olsen says these predictions are unrealistic.

    He says getting back 190-thousand jobs over two years, is far greater than the 60-thousand jobs over three and a half years during the global financial crisis.

    © 2024 Newstalk ZB, NZCity

     Other Politics News
     19 Apr: The Auckland Ratepayers Alliance says the latest Government measure to ease rates, only solves a small part of the problem
     19 Apr: The Government's decision to extend the timeframe for earthquake-strengthening work has gained support among Local Government New Zealand
     19 Apr: Auckland Action Against Poverty says it's time to start a conversation about the meaning of work in New Zealand
     18 Apr: German far-right leader Björn Höcke on trial for allegedly using Nazi slogan — his 'extremist' party is one of the country's highest-polling
     18 Apr: Mayor Wayne Brown says he's not convinced rules on earthquake-prone buildings should apply to Auckland, but he welcomes the Government bringing forward a review
     18 Apr: Britain's foreign minister David Cameron says Israel has decided to retaliate against Iran
     18 Apr: A reminder New Zealand is called the Shaky Islands for a reason, following earthquake strengthening deadline changes
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     Today's News

    Business:
    The Auckland Ratepayers Alliance says the latest Government measure to ease rates, only solves a small part of the problem 13:27

    Entertainment:
    Kelly Clarkson's ex-husband Brandon Blackstock has denied "each and every allegation" in her recent lawsuit 13:10

    Health & Safety:
    Bhutan is known for being a happy country, but mental health is a hidden problem 13:07

    Law and Order:
    Three youths have been taken in by Police after two luxury cars were stolen from Auckland's Mount Wellington overnight 13:07

    Business:
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    Entertainment:
    Queen Camilla wants to introduce "pop-up shops" into schools to help young people dealing with domestic abuse 12:40

    Rugby League:
    The Dolphins have again been permitted by league's NRL to go outside their top 30 to field a team tonight against Parramatta in Darwin, with at least eight of their top squad players either suspended or injured 12:27

    Entertainment:
    O.J. Simpson's lawyer has confirmed he will accept a claim from Ron Goldman's family after previously declaring they would get "nothing" from the estate 12:10

    Motoring:
    A full circuit moment for Andre Heimgartner ahead of the Supercars debut in Taupo this afternoon 11:57

    Law and Order:
    The pair guilty of murdering Christchurch mother, Angela Blackmoore have been sentenced to life imprisonment -- nearly 30 years on from the crime 11:47


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