Young people continue to bear the brunt of job losses. 

The latest Stats NZ figures reveal the unemployment rate among those aged 15 to 19 hit 23%, the highest in more than a decade. 

The age group also lost more than 70% of the 32,000 net jobs lost last year. 

Former Reserve Bank economist Michael Reddell told Mike Hosking young people typically bear the brunt. 

He says it's never got below around 13% even when the economy is at its strongest. 

LISTEN ABOVE 

Young people continue to bear the brunt of job losses.&nbsp;
The latest Stats NZ figures reveal the unemployment rate among those aged 15 to 19 hit 23%, the highest in more than a decade.&nbsp;
The age group also lost more than 70% of the 32,000 net jobs lost last year.&nbsp;
Former Reserve Bank economist Michael Reddell told Mike Hosking young people typically bear the brunt.&nbsp;
He says it's never got below around 13% even when the economy is at its strongest.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Michael Reddell: Former Reserve Bank Economist on young people being hit hard by unemployment

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c8e37baa-6853-4b86-9680-b27c0146a914/transcript