The latest monthly estimate from the Unemployment Rate – Nowcast (UR-NOW) model has the unemployment rate steady on 4.7 per cent. The May figure has been released by the Centre for Social Data Analytics at the Auckland University of Technology. .
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Press Release – Auckland University of Technology New Zealand decision makers now have access to more frequent unemployment statistics thanks to a new tool. The Unemployment Rate Nowcast model, called UR-NOW, predicts the unemployment rate each month, published here , to supplement the official quarterly …
New Zealand decision makers now have access to more frequent unemployment statistics thanks to a new tool.
The Unemployment Rate – Nowcast model, called UR-NOW, predicts the unemployment rate each month, published here, to supplement the official quarterly figures.
AUT Professor Tim Maloney, also Chief Economist at the Ministry for Social Development, and Principal Advisor David Rea at the Ministry of Social Development, made the tool and described its development in a working paper.