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.
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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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