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Unemployment is expected to be up today, and it's thought to be just the beginning. Â
Stats NZ will release the numbers for the first three months of the year around 10:45 this morning. Â
The rate for the final quarter of last year was 4%.Â
ASB Senior Economist Mark Smith told Mike Hosking that the labour market tends to lag behind.Â
He said that what we’re seeing now is the last bit of a residual strength, but there are signs it will be weakening from here.Â
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