Mark Smith: ASB Senior Economist says the latest unemployment figures may be reflective, and things may actually be worse

Our latest unemployment numbers have caught some by surprise.  Stats NZ figures show a 4% rise in the three months to December.  That's up from 3.9% in the preceding three months but below most economists' predictions, who'd been expecting between 4.2 and 4.3%.  ASB Senior Economist Mark Smith told Mike Hosking there's potential these figures are more reflective, and things may have actually worsened.  He says other indicators —like benefit numbers— having been rising steadily.    LISTEN ABOVE See omnystudio.com/listener for privacy information.