KEY POINTS:
Employment has taken its biggest fall since the 1980s as the economy starts to slow.
Social issues reporter Simon Collins describes the effect on the labour market, while economics editor Brian Fallow checks the possible silver lining for home owners.
SIMON COLLINS: THE BAD NEWS
Skilled building tradespeople are turning up at the doors of temporary labour hire companies as nine years of a buoyant job market turn sour.
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BRIAN FALLOW: THE GOOD NEWS
Reserve Bank Governor Alan Bollard might now start cutting interest rates in September, economists say, after the economy shed 29,000 jobs in the first three months of the year.
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