NZIER: New Zealand youth unemployment reaches crisis level due to structural risks
1 report, 1 independent
Updated Oct 9
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What happened
Daniel Hamill, a senior economist at the New Zealand Institute of Economic Research, stated that New Zealand's youth unemployment may be at a "crisis level" due to a combination of cyclical and structural risks. The Institute noted that youth unemployment rates have risen since COVID, reaching 25.3% for 15- to 19-year-olds and 12% for 20- to 24-year-olds.
From hcamag.com
Why it matters
The high rates are attributed to a complex mix of factors, including a sluggish economic recovery, business uncertainty, accelerating technological change, and unhelpful government policies. Experts warn that economic recovery alone may not resolve the issue for young people.
From hcamag.com
Who's involved
- Daniel HamillSenior economist providing analysis on youth unemployment
- New Zealand Institute of Economic ResearchEconomic think tank providing the research and analysis
- TaurangaCity used as a case study in the Institute's research
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The entities involved
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New Zealand Institute of Economic Research
economic think tank in New Zealand
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