Youth jobless rate soars to 19.4%
We all know that unemployment is currently relatively high. Unfortunately youth and minority groups always bear the brunt.
Here is the OECD paper the reporter has been looking at. NZ's rate of 15-24 year-old unemployment is 0.9 percent above the OECD average. Not desperately alarming by international standards.
And checking the HLFS rate over the year to September 2010 reveals that the percentage for 15-19 year-olds has dropped slightly from 25.1 to 23.3. The rate for 20-24 year-olds increased slightly from 10.9 to 11.8 percent. So the use of the word "soars" needs some context.
The story is, in line with rising unemployment due to recession, New Zealand's youth unemployment rate climbed after 2007. It has steadied over the past year and is just above the OECD average but below the EU average.
2 comments:
And now you are making the statistics mistakes. You need to compare NZ data to NZ data, and our youth unemployment is historically very high compared to earlier recessions.
Saying in Farawayistan it is even more does help who??
Berend, I am aware that the unemployment rate for youth is higher than in earlier recessions and put up the data here;
http://lindsaymitchell.blogspot.com/2010/02/sir-roger-on-cause-of-high-youth.html
But it hasn't 'soared' in the past year (or year to Sept). Year to December data is not yet available.
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