New data out this morning is expected to show the job market has caught up with the economy. 

Stats NZ is releasing the latest unemployment rate at 10.45. 

Economists believe it will rise from 4.6% in the June quarter to about 5% in the September quarter. 

ASB Chief Economist Nick Tuffley told Ryan Bridge that until now, employment has been holding up in spite of the economic downturn. 

He says that situation now appears to have changed. 

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