New Zealand Economists See Jobs Market Past Peak as Rates Rise – Bloomberg

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Some New Zealand economists say the nation’s jobs market has now passed its peak as the Reserve Bank’s rapid-fire interest-rate increases weigh on demand and discourage further hiring.
Bank of New Zealand expects unemployment to climb to 3.4% in the fourth quarter — versus 2.9% previously — and 3.9% by the second quarter of next year. Westpac Banking Corp. has the same forecast for the fourth quarter, though it only sees the jobless rate at 3.6% by the second quarter of 2023.


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