A warning we've been burnt by high hopes for economic recovery

Stats NZ data out today puts unemployment at 5.4 percent in the December quarter.

The numbers were less severe than forecasts from Treasury, but still reflect a 10 year unemployment high.

Infometrics Chief Economist Brad Olsen says the talk about getting momentum back last year fell short.

He says businesses need to see stronger sales come through before they commit to hiring more workers.