New Zealand's Q1 2021 unemployment rate exceeded Australia's for the first time since 2014, due to high NZ-to-AUS migration.
Economic think tank Infometrics reports that New Zealand's unemployment rate was higher than Australia's in Q1 2021, reversing the 2014-2018 trend where Australia's rate was 0.7% higher. This shift is linked to high levels of migration from NZ to AUS, with 70,000 New Zealanders moving in 2020. Infometrics suggests this migration rate could negatively impact NZ's workforce in the medium term.
June 30, 2024
3 Articles