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

  • Feb 6 2025
  • Length: 3 mins
  • Podcast

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

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  • Summary

  • 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.

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