Bagrie: Low unemployment figures should be taken with a grain of salt

Publish Date
Wed, 5 Aug 2020, 2:56PM
Independent economist Cameron Bagrie. Photo / File

Bagrie: Low unemployment figures should be taken with a grain of salt

Publish Date
Wed, 5 Aug 2020, 2:56PM

An economist says falling unemployment rates should be taken with a grain of salt.

Stats NZ figures show unemployment stands at four percent for the June quarter - down from 4.2 per cent in the previous quarter.

The June quarter includes all four levels of the country's Covid-19 lockdown.

Economist Cameron Bagrie told Simon Barnett and Phil Gifford one parameter to be considered unemployed is that you're actively seeking work for at least four weeks.

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