The week ahead – Is unemployment about to hit an eight-year high?

Trade and tariffs will in focus again this week, with the new US tariffs set to take effect on Thursday.

Here in New Zealand, the highlight will be the June quarter labour force report, which is out on Wednesday.

Economists expect the unemployment rate to increase to 5.3%, the highest since 2016.

This is likely to seal the deal on another cut to the Official Cash Rate later this month.

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