{"id":21397,"date":"2020-08-06T08:59:11","date_gmt":"2020-08-05T23:59:11","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/2020\/aug\/06\/new-zealands-4-unemployment-rate-masks-a-deeper-covid-hit-to-the-labour-market"},"modified":"2020-08-06T08:59:11","modified_gmt":"2020-08-05T23:59:11","slug":"new-zealands-4-unemployment-rate-masks-a-deeper-covid-hit-to-the-labour-market-brad-olsen","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=21397","title":{"rendered":"New Zealand&#8217;s 4% unemployment rate masks a deeper Covid hit to the labour market | Brad Olsen"},"content":{"rendered":"<p>Hundreds of thousands want more work, and the drop in hours worked \u2013 largely as a result of coronavirus \u2013 is the biggest in 30 years <\/p>\n<ul>\n<li><a href=\"https:\/\/www.theguardian.com\/world\/series\/coronavirus-live\/latest\">Coronavirus \u2013 latest updates<\/a><\/li>\n<li><a href=\"https:\/\/www.theguardian.com\/world\/coronavirus-outbreak\">See all our coronavirus coverage<\/a><\/li>\n<\/ul>\n<p>New Zealand\u2019s unemployment rate <a href=\"https:\/\/www.theguardian.com\/world\/2020\/aug\/05\/new-zealand-unemployment-at-4-in-surprise-fall-during-coronavirus-pandemic\">has implausibly fallen to 4.0%<\/a> in the June 2020 quarter, presenting a strong picture of the labour market even as the Covid-19 pandemic takes an axe to the global economy.<\/p>\n<p>You\u2019d be forgiven for thinking that this announcement is a sign of good news. Instead, the release of June\u2019s labour market statistics presented a still-sobering view of the country\u2019s economy.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/2020\/aug\/06\/new-zealands-4-unemployment-rate-masks-a-deeper-covid-hit-to-the-labour-market\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hundreds of thousands want more work, and the drop in hours worked \u2013 largely as a result of coronavirus \u2013 is the biggest in 30 years Coronavirus \u2013 latest updatesSee all our coronavirus coverageNew Zealand\u2019s unemployment rate has implausibly fallen to 4&#8230;<\/p>\n","protected":false},"author":1131,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[41,1069,268,56],"tags":[],"class_list":["post-21397","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-coronavirus-outbreak","category-jacinda-ardern","category-new-zealand"],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/21397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/1131"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21397"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/21397\/revisions"}],"predecessor-version":[{"id":21399,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/21397\/revisions\/21399"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}