Kiwibank economists say as migrants send some portion of their wages back to their home countries this suggests weaker local consumption than otherwise
The official unemployment rate was 4.3 per cent in the March 2024 quarter, compared with 4 per cent in the previous quarter, according to figures just.
While rising unemployment was expected and the topline figure of 4.3 per cent (from 4 per cent) was widely forecast, economists didn’t have to dig far below.