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.

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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.&nbsp;
Most experts predict the unemployment rate will rise from 4.6-percent to about 5-percent.&nbsp;
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 ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

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

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5918349f-346a-4bd7-af84-b27a011cc2d7/transcript