Will the unemployment rate fall from its 11-year high in Q3?

How has the job market been faring?  

Stats NZ is releasing its latest quarterly unemployment data at 10.45am. 

Some economists expect unemployment to remain unchanged at 5.6%, an 11-year high, while others expect it will dip slightly to 5.5% or 5.4% – the first fall in five years. 

BNZ Chief Economist Mike Jones told Ryan Bridge they expect the rate to stay the same, but they're also expecting employment itself to increase. 

He says they're forecasting a 0.4% increase for the quarter, so they're pretty confident New Zealand saw some decent job growth. 

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