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
5 February 2025
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.
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