News | Business
5 Feb 2025 12:50
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Some groups of people are expected to be hit harder by rising unemployment, than others

    Some groups of people are expected to be hit harder by rising unemployment, than others


    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 says 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.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     05 Feb: Unemployment's hit its highest point in four years
     05 Feb: The number of unemployed people in New Zealand is on the rise
     05 Feb: China retaliates with tariffs on US goods after Trump imposes new levies
     05 Feb: Maori communities lead innovative ways of financing housing on ancestral lands
     05 Feb: An expectation the retail environment will get worse before it gets better
     05 Feb: Medical laboratory workers are striking for 48 hours today and on Friday over pay negotiations
     04 Feb: Topping up your super can boost your retirement nest egg. But is there a right time for voluntary contributions?
     Top Stories

    RUGBY RUGBY
    Former All Black prop Karl Tu'inukuafe has announced his retirement from rugby More...


    BUSINESS BUSINESS
    Unemployment's hit its highest point in four years More...



     Today's News

    Business:
    Unemployment's hit its highest point in four years 12:47

    International:
    Donald Trump suggests permanently resettling Palestinians from Gaza as Netanyahu visits the White House 12:37

    Entertainment:
    The Weeknd made a surprise return to the Grammy Awards on Sunday (02.02.25) 12:34

    International:
    Bribie Island community mourns 17-year-old shark attack victim Charlize Zmuda 12:27

    Law and Order:
    An Auckland man charged with murder after bringing a child's body to Manukau Police Station - is accused of smothering them with a pillow 12:07

    Entertainment:
    Will Smith paid tribute to the late Quincy Jones at the Grammy Awards on Sunday (02.02.25) 12:04

    Entertainment:
    Lady Gaga and Bruno Mars sang a cover of 'California Dreamin'' in honour of the city of Los Angeles at the Grammy Awards on Sunday (02.02.25) 11:34

    National:
    Peter Dutton is promising to slash the public service. Voters won’t know how many jobs are lost until after the election 11:17

    Business:
    The number of unemployed people in New Zealand is on the rise 11:07

    Law and Order:
    Sam Kerr's trial hears alleged victim addressed impact of being called 'stupid and white' nearly 11 months after incident took place 11:07


     News Search






    Power Search


    © 2025 New Zealand City Ltd