Unemployment has risen again but economists don't think it's peaked yet. 

Stats NZ figures out today show the rate reached 4.3% for the March quarter, up 0.3 percentage points from the December quarter's 4%. 

It reflects the impacts of higher interest rates as the Reserve Bank keeps trying to rein in inflation. 

Herald Business Editor at Large Liam Dann told Kerre Woodham that it's a slow and steady rise. 

He says 134 thousand people are now unemployed, up from 122 thousand at the end of 2023, meaning 12 thousand jobs have gone. 

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