4 Feb 2016

What is behind the fall in the unemployment rate?

From Nine To Noon, 9:08 am on 4 February 2016

The country's unemployment rate has fallen to its lowest level in almost seven years, at 5.3 percent in the fourth quarter of 2015, with strong growth jobs in the construction sector as well as in retail and hospitality businesses. But the data also showed that 14,000 people had stopped looking for work for various reasons, even though the size of the workforce had increased, driven by record immigration. We examine who is leaving the labour market and why, as well as the flow on effects. Nick Tuffley - ASB's chief economist.