Underemployment in New Zealand
The underemployment measure identifies people with a job who face a partial lack of work. It is useful to look at the underemployment rate in combination with the unemployment rate; together these two measures provide a more comprehensive view of how much potential labour there is readily available in the labour force. Compared with other OECD countries, New Zealand has a high underemployment rate but a lower unemployment rate.
I wonder if the Australian statistic reflects a lack of welfare available for migrants?
3 comments:
It looks like there's a pattern of tradeoffs going on, ie, low underemployment/high unemployment.
JC
Compare the "underemployment" rates with the generosity of benefits and you get a great inverse correlation.
Countries with generous benefits have underemployment
Countries with parsimonious benefits don't
Countries with no benefits have no underemployment and no unemployment either
you get what you pay for
Some other great results showing that paying the dole for any more than six months is completely useless
http://www.theatlantic.com/business/archive/2013/04/the-terrifying-reality-of-longterm-unemployment/274957/
Dole payments - and any others where we expect people to return to work - should drop to zero well before six months.
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