Free & open for all: Unemployment rate up to 11-year high of 5.6%; Underutilisation rate up to 13-year high of 13.8%; Youth underutilisation up to 37% of workforce; Yet 111,000 work visas were granted & the RBNZ hiked to take 'heat' out of the economy. #nzpol open.substack.com/pub/thekaka/...

Unemployment worse than forecast & real wages fallUnemployment rate up to 11-year high of 5.6%; Underutilisation rate up to 13-year high of 13.8%; Youth underutilisation up by 21,500 in a year to 37% of youth workforce; Yet 111,000 work visas grantedopen.substack.com