Thursday, June 25, 2020

Meaningless stats

A lot of statistics appearing in current news items paint an optimistic picture. Whatever the indicator (eg house sales, houses to rent, jobs advertised) the good news story is, that compared to April 2020 the increases are like 100% up. Wow! Well of course increases are impressive when compared to the month of lock-down. What I want to hear is how June 2020 compares to June 2019.

The following preface and graph doesn't provide year-on-year data but it does highlight my point:

Janet Faulding, General Manager SEEK NZ comments: “With the lifting of restrictions we have seen an increase in job advertising of 133.9% in the fortnight ended 14 June, compared to the average of the month of April.


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