Podcasts Other The Mike Hosking Breakfast Mark Smith: ASB Senior Economist on the expected rise to the unemployment figure

Mark Smith: ASB Senior Economist on the expected rise to the unemployment figure

Published: April 30, 2024, 9:54 p.m.

Unemployment is expected to be up today, and it's thought to be just the beginning. \xa0

Stats NZ will release the numbers for the first three months of the year around 10:45 this morning. \xa0

The rate for the final quarter of last year was 4%.\xa0

ASB Senior Economist Mark Smith told Mike Hosking that the labour market tends to lag behind.\xa0

He said that what we\u2019re seeing now is the last bit of a residual strength, but there are signs it will be weakening from here.\xa0

LISTEN ABOVE\xa0\xa0\xa0

See omnystudio.com/listener for privacy information.