Yay – it’s NZs brighter future we were promised – a .1% reduction in unemployment

By
Martyn Bradbury
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6
1

Great news folks, it’s NZs brighter future we were promised by National…

…a .1% reduction in unemployment – if it’s a rockstar economy, it’s an acoustic performance on invisible guitars.

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6 COMMENTS

  1. So National ” restructured” the parameters for measuring unemployment and have seen a .1% drop.
    Corrupt or what?

  2. It was all smoke and mirrors to hide the failure so now time has caught up with them.

    “The emperor has no clothes.”

  3. I call bollocks on all Stats NZ figures.

    A close look at Stats NZ definitions of unemployment strongly suggests that real levels of joblessness are much, much higher than is the case;

    A person job-searching using the internet was “not actively seeking work“. Predictably, at the stroke of a pen, unemployment “fell” over-night from 5.7% to 5.2%.

    . three-types-of-lies-lies-damned-lies-and-statistics

    . On 3 July, this blogger reported how Statistics NZ had radically changed the manner in which it defined a jobseeker;

    “Change: Looking at job advertisements on the internet is correctly classified as not actively seeking work. This change brings the classification in line with international standards and will make international comparability possible.

    Improvement: Fewer people will be classified as actively seeking work, therefore the counts of people unemployed will be more accurate.”

    And furthermore;

    According to Statistics NZ, you are deemed to be employed if you;

    . worked for one hour or more for pay or profit in the context of an employee/employer relationship or self-employment
    . worked without pay for one hour or more in work which contributed directly to the operation of a farm, business, or professional practice owned or operated by a relative

    ref: https://thedailyblog.co.nz/2016/08/15/national-exploits-fudged-statistics-nz-unemployment-figures/

  4. Now which party/parties have a policy that will change these measures? Which of our current crop of MPs has/have crusaded on this issue?

    What do we want to have measured reliably?

    And how would we use those data to improve employment both long and short term? Also education/training, and the ‘vision’ for the country – which seems curiously lacking at this point.

    How does this information feed into the information on immigration and locations of need for which skills?

    Otherwise it’s no better than a ticking clock telling the wrong time.

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