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How NZ's high unemployment numbers will hurt our economy

Author
Newstalk ZB,
Publish Date
Tue, 28 Apr 2020, 11:54am
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How NZ's high unemployment numbers will hurt our economy

Author
Newstalk ZB,
Publish Date
Tue, 28 Apr 2020, 11:54am

Unemployment as high as 25 per cent would be catastrophic for the economy.

NZ's unemployment is predicted to end up between 10 to 25 percent after Covid 19.

AUT human resources expert Jarrod Haar told Kate Hawkesby the economy would struggle even at 10 percent.

“There will be a bad mood across the country at 25 percent unemployment.”

Haar says he hopes businesses opening today under Level 3 will accelerate the economy recovery.

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