Covid-19 unemployment figures tell only part of the story
Statistics New Zealand reports hours worked fell, as did the number of people actually in jobs.
New Zealand’s unemployment rate fell from 4.2% to 4% in the three months to the end of June, despite the impact of the Covid-19 lockdown.
But that number only tells part of the story.
Statistics New Zealand said the under-utilisation rate rose to 12%, hours worked fell a record 10.3%, the
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