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Do we have a good understanding of what the economic impact was in New Zealand? I can't find any unemployment numbers - they haven't released anything since Mar
by wk_end 6y ago
Do we have a good understanding of what the economic impact was in New Zealand? I can't find any unemployment numbers - they haven't released anything since March, before the pandemic took hold. But Sweden's unemployment rate of 7.9% and rising (from the article) is still much lower than the current US numbers - around 20% [1].
[1] https://www.cnn.com/2020/06/03/economy/may-jobs-report-preview/index.html https://www.cnn.com/2020/06/03/economy/may-jobs-report-previ...
- ReticentVole 6y agoAlmost half of retail tenants have not paid their May rent: https://www.stuff.co.nz/business/121704549/almost-half-of-retail-tenants-have-not-paid-their-may-rent--new-report https://www.stuff.co.nz/business/121704549/almost-half-of-re...
- KarlKemp 6y agoGermany is at 6.3%: https://www.reuters.com/article/us-germany-economy-unemployment/coronavirus-pushes-up-german-unemployment-short-time-work-idUSKBN23A14C https://www.reuters.com/article/us-germany-economy-unemploym...
- alex_h 6y agoThe NZ Treasury forecast (made 3 weeks ago) was that unemployment would hit 9.8% by September. I can't find any numbers for the current rate though. https://www.rnz.co.nz/news/political/416633/budget-2020-50bn-rescue-fund-in-once-in-a-generation-budget https://www.rnz.co.nz/news/political/416633/budget-2020-50bn...
- deleted 6y ago[deleted]
- alkonaut 6y agoHow quickly people are unemployed varies. In the US you might be able to fire someone on the day, but in Sweden or Germany it might take 1-6 months from that you give notice until you can stop paying them and they are officially unemployed.