Wednesday, May 07, 2014

Maori unemployment worsening

Latest Household Labour Force Survey shows an increase in unemployment for both Maori, to 13.2% from December 2013's 12.8% (sampling error of 1.6%).

Despite claims that the NZ economy 'is on fire', Maori are not able to fully participate.

This is shit.

Wider unemployment is flatlining at 6% (predictions were for 5.8%) although labour force participation is up. Wages are flat although hours worked are up 2.7%.

Interesting times. I suspect the net migration increase (cuzzy's coming back from Oz) means increased competition for still scarce jobs as well as inflation pressures although housing may be easing back. (Housing may be crashing...)

No comments:

Simon Lambert

Create Your Badge