Mark Smith: ASB Senior Economist on New Zealand's unemployment data

An economist says some groups of people will be hit harder by rising unemployment. The country's labour market data for the final quarter of 2024 will be released this morning.  Most experts predict the unemployment rate will rise from 4.6-percent to about 5-percent.  ASB senior economist Mark Smith told Andrew Dickens the Wellington region's likely to be heavily impacted He says it picks up in the younger age group, because what typically happens is the last ones into the labour market are the first ones out. Smith says some ethnic groups will also be effected, like Maori and Pacific Islanders. LISTEN ABOVESee omnystudio.com/listener for privacy information.