Friday, July 03, 2020

Highest dole number ever

There are now over 200,000 people on the Jobseeker/Covid relief payment. In absolute terms, a historical high.

In June 2010 there were 62,085 - the peak after the GFC

In June 1992 there were 170,367 - the peak after early 1990s recession

The last number represented 6.6% of the working-age population compared to 6.3% currently

(There may have been a higher quarterly number during 1992/93 but I've used June as the reference month.)

Now, there is another caveat. During the welfare reforms the Sickness Benefit was folded into the Jobseeker Benefit. Adjusting for that:

In June 2010 the combined total would be 120,550
In June 1992 the combined total would be 190,514

Lastly, today's Jobseeker also includes some sole parents with children older than 14 but I do not have sufficient information to make that adjustment.

As David Seymour pointed out today, it is a bleak milestone to pass.

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