Recent data shows there were 27,850 fewer jobs in New Zealand in June compared to the year before, and young Kiwis are being hit hard by a tightening labour market.

Over 12,000 of those lost jobs came from the construction sector, manufacturing lost 5850 jobs, professional, scientific and technical services lost 5150 jobs and admin and support services lost 4860 jobs.

Infometrics principal economist Brad Olsen explains what's behind this change.

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