Explained: Is the Middle East conflict driving up unemployment stats?
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An economist believes the number of unemployed Kiwis might be close to peaking.
The rate reached an 11-year high in the June quarter, on 5.6 percent - up from 5.4.
Many say uncertainty fuelled by the Iran war is discouraging employers from taking on staff.
Westpac Senior Economist Michael Gordon says the labour market could be nearing its weakest point.
"We were starting to see some momentum picking up in the economy late last year to early this year. Unfortunately, we've had this interruption from the Middle East conflict. Had that not happened, we might be seeing a bit more momentum."
LISTEN ABOVE
- Nicola Willis lashes out at ‘confused’ Winston Peters, suggests coalition breach after Iran war emails released
- Kiwis wake to spike in petrol prices amid fresh US attacks on Iran
- GDP showed good growth before Iran war, new data shows
- How soon Kiwi drivers could see cheaper fuel after US-Iran peace deal
- Business confidence dives as war shock and fuel costs hit firms' outlook
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