Thursday, November 04, 2010

Differing measures of unemployment

The Household Labourforce Survey has unemployment for September at 6.4 percent, down from 6.8 percent (revised figure) in June 2010.

The number on the unemployment benefit however was 65,281 in September, up from 62,085 in June 2010.



Which reminds me, another unemployment measurement, the Census will occur next March so there will be a chance to see how closely the HLFS data and Census match.

Last Census (2006) said 3.4 percent whereas the HLFS said 3.9 percent. Considering the HLFS is a survey of only 15,000 households versus a survey of probably one hundred times that number the results are fairly close.

(People tend not to lie to census takers about being unemployed. Some do however lie about being or having been on the DPB.)

2 comments:

Anonymous said...

The Household Labourforce Survey has unemployment for September at 6.4 percent, down from 6.8 percent (revised figure) in June 2010.


Still far too low to force any real economic reforms.

Which is why abolishing the minimum wage, the dole, and getting serious about eliminating govt jobs is absolutely critical for NZ

Manolo said...

Lindsay, please allow me to digress.

I just received my Libertarianz newsletter and was very pleased to see your name mentioned as guest speaker at the next conference.

Good on you!