Saturday, August 01, 2020

Jobseeker numbers were on the rise well before Covid

Since Labour took office the number of people on the Jobseeker benefit has risen steadily in spite of the reported low unemployment rate. I've blogged numerous times about the divergence. The following just-released MSD graph displays it starkly. The blue line provides the source of NZ's official unemployment rate. It continued a broadly downward trend after 2017 whereas the red line starts increasing.

The point is that Labour will blame high Jobseeker numbers on Covid but that's only partly true. 

The upward trend pre-existed the economic response to the virus.

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