Hopes unemployment has hit its peak as businesses push through sluggish economy
Follow
the podcast on
The Employers and Manufacturers Association says businesses are forging ahead despite a sluggish economy.
The unemployment rate rose to 5.6% in June – the highest level in 11 years.
Economists point to the war in Iran as one factor behind the rise, creating uncertainty and making businesses cautious about hiring.
EMA Head of Advocacy Alan McDonald told Mike Hosking he’s hopeful we’ve reached the peak – there’s good things happening under the surface, so hopefully soon we can start turning the other way.
He says there was quite a sharp dip in confidence when the Iran war began, but they’re seeing more people deciding they won’t hang around until circumstances get better, they’ll just get on with life.
LISTEN ABOVE
Take your Radio, Podcasts and Music with you
Get the iHeart App
Get more of the radio, music and podcasts you love with the FREE iHeart app. Scan the QR code to download now.
Download from the app stores
Stream unlimited music, thousands of radio stations and podcasts all in one app. iHeart is easy to use and all FREE
