News | Business
21 Sep 2020 1:34
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    ANZ thinks unemployment could hit near 10 per cent by the end of the year

    ANZ thinks unemployment could hit near 10 per cent by the end of the year


    Stats NZ is due to release the employment figures today - which will include the Level 4 lockdown - and are forecast to be higher than the 4.2 percent recorded for the March quarter.

    Senior economist Liz Kendall says the bank is predicting unemployment to sit about 5.7 per cent for the June quarter - similar to what was seen around the Global Financial Crisis.

    But she says they're expecting the rate to only rise from here.

    Kendall thinks we're only starting to see the beginning of a recession.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     20 Sep: Hopes Aucklanders affected by changes to public transport services adapt and find alternative routes
     20 Sep: CBD businesses in Auckland will take another hit - with the Harbour Bridge partial closure
     19 Sep: The strategy reset at Fonterra is paying off, and farmers wallets will see the benefits
     19 Sep: An agricultural economist is relieved to see Fonterra back in the black
     18 Sep: After three weeks of cyber attacks the NZX has launched a back up website
     18 Sep: A large tourism company has posted a profit, despite covid pressures
     18 Sep: Fonterra's boss says the company is on the home straight - when it comes to debt and earnings
     Top Stories

    RUGBY RUGBY
    Auckland's keeping a clear mind despite the impending departure of key All Blacks from their squad More...


    BUSINESS BUSINESS
    Hopes Aucklanders affected by changes to public transport services adapt and find alternative routes More...



     Today's News

    Politics:
    National Party leader Judith Collins has a message for New Zealand voters 21:57

    Auckland:
    Fire crews alongside two trucks are battling to put out a house fire in Auckland's Royal Oak 21:17

    Rugby League:
    The Warriors have let slip a comfortable early lead to lose their penultimate game of the NRL season 18:57

    Motorsports:
    Scott McLaughlin has led home a one-two finish for DJR Team Penske, in the final Supercars race of the weekend at The Bend 18:37

    Rugby League:
    The Warriors have fallen behind in their NRL match with the Raiders in Canberra 18:07

    Rugby:
    Auckland's keeping a clear mind despite the impending departure of key All Blacks from their squad 17:27

    Health & Safety:
    New Zealand declared four new cases of Covid-19 today; two in the community and two in managed isolation 17:17

    Rugby League:
    Meanwhile it was news that was feared, and now confirmed 16:57

    Golf:
    Matthew Wolff is hoping to continue his momentum into the final round of the US golf Open in New York 16:27

    Rugby League:
    The Tampa Bay Lightning have drawn first blood in the Stanley Cup finals, defeating the Dallas Stars 4-1 in Edmonton 15:47


     News Search






    Power Search


    © 2020 New Zealand City Ltd