Unemployment statistics – COVID-19 recovery still uneven

first_imgUnemployment statistics – COVID-19 recovery still uneven The Council of Trade Unions is concerned that working people are continuing to bear the costs of the COVID-19 crisis.“Today’s figures from Statistics New Zealand show that 54% of all working people did not receive a pay increase in the last year. People working in both the public and private sectors experienced wage increases as measured by the Labour Cost Index of 1.6% – which means that in real terms their wages were flat. As the economy recovers from COVID-19, we should be making sure that all working people are benefitting from that recovery,” said CTU Economist and Director of Policy Craig Renney.“The headline rate of unemployment fell to 4.7%, with welcome increases to women’s employment leading the way. But when you look under the surface, the position of the labour market looks less promising. The numbers of people in paid work fell 3,000 from a year ago, and there were big increases in the numbers of people providing unpaid care. It should be of concern that the number of self-employed contractors also increased by 25,000 – suggesting that insecure contracting is increasingly filling the employment gap.”“This data also shows continued elevated levels of underemployment and underutilisation, particularly for women. 31,000 more people (from last year) would like more work but can’t find it. The actual number of hours worked fell when compared to the position last year, and Maori and Pacific Peoples unemployment rates remain more than double the rate of the European population.”“This information comes on the same day that the banking sector shows rising profits. Together with data on the rising cost of living for poorer families, housing challenges, and child poverty data show that the recovery from COVID-19 is uneven and being borne by those with the least. When the Budget is revealed in 15 days time, the government has an opportunity to help reset the support that is being provided to working people, their families, and to the unemployed,” Renney said. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:banking, council, Council of Trade Unions, covid-19, director, Economy, employment, european, Government, market, New Zealand, pacific, Pacific Peoples, statistics, trade union, unemploymentlast_img

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