Unemployment less than expected, feared
Economy Matters: Fiscal policy in response to Covid pandemic thankfully protected the labour market.
John McDermott
Tue, 13 Apr 2021
Before Covid-19, only about 4% of New Zealand’s workforce was unemployed, down from the 6.7% it hit in the wake of the global financial crisis (GFC).
Reducing the unemployment rate by this much represents a remarkable achievement in getting people back into jobs. The Covid-19 pandemic has been
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John McDermott
Tue, 13 Apr 2021
Contact the Writer: john.mcdermott@motu.org.nz
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Unemployment less than expected, feared
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