Unemployment rate up
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- Date published:
8:15 am, February 2nd, 2017 - 12 comments
Categories: class war, economy, employment -
Tags: dodgy statistics, economic genius, unemployment
Despite National’s fiddling the figures on the way unemployment is counted, the unemployment rate is on the rise again:
New Zealand unemployment rate jumps unexpectedly
A large number of people entering New Zealand’s workforce has pushed the unemployment rate back above 5 percent.
The unemployment rate rose to 5.2 percent in the three months ended December 31 from a revised 4.9 percent in the September quarter, Statistics New Zealand said. Economists had been expecting the unemployment rate to ease back to 4.8 percent.
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The participation rate was an all-time high of 70.5 percent. While recent changes to methodology means comparisons with earlier periods aren’t easy to make, the working-age population has been bolstered by record migration.
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The recently added underutilisation rate, which seeks to measure the potential labour supply, was at 12.8 percent up from 12.2 percent in September. The increase came from more people being unemployed and more people actively seeking work but not currently being available to work. …
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Kua hinga te manawa kairÄkau o Te Rua Tekau Ma Waru Tiwhatiwha te po! Kakarauru i te po! Ka rapuhia kei hea koe kua riro! Haere e te Ika a Whiro ki o tini hoa kua ngaro atu ki te PĆ ...2 weeks ago
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Ka nui te mihi kia koutou. Ka mihi ki te mana whenua ko NgÄti WhÄtua ĆrÄkei. Kia ora and good morning everyone. Thank you Fran and Simon for inviting me here today, and importantly your leadership of this forum over several years now. I want to acknowledge David Gehrenbeck, Deputy ...3 days ago
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Loading…(function(i,s,o,g,r,a,m){var ql=document.querySelectorAll('A[data-quiz],DIV[data-quiz]'); if(ql){if(ql.length){for(var k=0;k<ql.length;k++){ql[k].id='quiz-embed-'+k;ql[k].href="javascript:var i=document.getElementById('quiz-embed-"+k+"');try{qz.startQuiz(i)}catch(e){i.start=1;i.style.cursor='wait';i.style.opacity='0.5'};void(0);"}}};i['QP']=r;i[r]=i[r]||function(){(i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)})(window,document,'script','https://take.quiz-maker.com/3012/CDN/quiz-embed-v1.js','qp');Got a good quiz question? Send Newsroom your questions.The post Newsroom daily quiz, Monday 25 November appeared first on Newsroom. ...15 minutes ago
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Source: The Conversation (Au and NZ) – By Jacqueline Peel, Director, Melbourne Climate Futures, The University of Melbourne The petroleum-laden dust has settled on this yearâs United Nations climate summit, COP29, held over the past fortnight in Baku, Azerbaijan. Climate scientists, leaders, lobbyists and delegates are heading for home. ...11 hours ago
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The mass of incoming labour explains the figures.
That won’t stop you authoring and/or applauding some future hate speech about “bludgers”, though.
Go back on holiday OAB the absence of your BS was refreshing thus a win win for all
Your absence Blue, is a definite win win for all.
The full release from Stats NZ has some interesting detail and graphs: http://www.stats.govt.nz/browse_for_stats/income-and-work/employment_and_unemployment/LabourMarketStatistics_HOTPDec16qtr/Commentary.aspx
There are quite big regional differences in unemployment rates, with Taranaki surprisingly high. Nationally 115,200 people are counted as ‘underemployed’.
This Newshub quote above is wrong: “The increase came from more people being unemployed and more people actively seeking work but not currently being available to work.”
The relevant graphic clearly shows the increase mainly came from unemployed and underemployed numbers rising. The rise in ‘unavailable jobseekers’ was mostly cancelled out by a fall in ‘potential jobseekers’ in the same period.
I don’t understand, what’s an un-available jobseeker and why are they counted as unemployed? The term seems to imply somebody who is looking for work which they don’t want to take.
And ‘potential jobseekers’ is that somebody who might be looking for work if it ‘hit them in the head’?
What is the governments definition of employed ?
If someone worked for just an hour a week would they be classified as employed?
Yes.
+1 Cinny and Sacha. Very good point.
http://www.msd.govt.nz/about-msd-and-our-work/publications-resources/statistics/statistical-report/statistical-report-2008/multiple-sections/unemployed-definition.html
Thanks for the link Pat đ
This bit seemed a bit strange…
Are without any paid work and without unpaid work in a relative’s business
Wait.. what? So does that mean if I am doing unpaid work in a relatives business does that make me employed?
In reality is was always up, National is losing it’s grip on keeping a lid on it’s fudged stats.