With baby boomers retiring from the labour force at a rapidly rising rate, this will be heavily dependent on a strong increase in the participation rate – but MYEFO assumes this will rise only from 66.1% in…
- Abul Rizvi
- IA
And a fall in unemployment – MYEFO assumes this will fall only marginally from 4.6% in November 2021 to 4.25% by mid-2023 – still significantly higher than just over 3.25% currently seen in New Zealand.
These marginal improvements will not be sufficient to get to an additional million jobs over four years. It will require a…