Timaru District Quarterly economic monitor - March 2020

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Highlights for Timaru District

  • Working age Jobseeker Support recipients in Timaru District in the year to March 2020 increased by 17.4% compared with the previous year. Growth was higher relative to New Zealand, where the number of Jobseeker Support recipients increased by 11.7%.
  • An average of 941 people were receiving a Jobseeker Support benefit in Timaru District in the 12 months ended March 2020. This compares with an average of 896 since the start of the series in 2010.

National overview

Job losses have already started to filter through to the economy, with the number of Jobseeker Support recipients increasing by around 4,300 at the end of March 2020 compared to the end of December 2019. Jobseeker numbers are now up nearly 12%pa on average over the 12 months to March 2020, and only capture the start of the rise of unemployment across the economy. Since the end of March, 35,000 additional people have been added to the Jobseeker Support benefit. Young people, who already had a higher unemployment rate, are bearing the brunt of job losses, with a 57% increase in Jobseeker Support Work Ready recipients aged under 30 in April compared to February, compared to a 35% rise in recipients aged 30-64.