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Aucklanders lost 200 jobs a day during August lockdown

Auckland Council’s economic team, which has tallied the cost, said the total 4205 jobs lost in the region were 60 percent of the national total for the month.

Its chief economist David Norman said the city’s job losses averaged 200 a day – which was fewer than the 250 a day forecast in alert level 3, but still high.

“These are real people. It’s lives and families to support, and a lot of them lost their jobs; over 400. So that’s a real impact”.

“Never in my economics career did I think I’d be using public health advice as a starting point for trying to think of where the economy is heading, looking at the alert levels to try and determine how many people you think are going to have jobs, or how strong the economy is going to be.

“This is not something they teach you in any textbook.”

Norman is hopeful the economy will bounce back as it did after the first nationwide lockdown, albeit from a slightly lower starting position. Read more via MZ

Pemo Theodore

Pemo Theodore is a Media Publisher and a great people connector. She was Founder Silicon Valley TV which has served the San Francisco Bay Area for 10 years! She has produced Silicon Valley Events for Investors & Startups for 10 years. Pemo loves to video interview venture capitalists & founders to engage the human behind the success stories.. She has been Executive Producer of FinTech Silicon Valley for 6 years, organizing twice monthly FinTech talks & panels in San Francisco & Palo Alto and audio podcasts. She believes in learning through a great discussion with experts in the domains. Pemo has a talent to bring the right people together and is an incredible networker. Pemo's events have been seen as supporting Venture Capitalists & Angels in sourcing great deal flow from startups who attend her events. Many founders have received funding through meeting investors at her events. Her favored medium is audio & visual media and she has built up a great body of work of videos of panels & interviews and podcasts in Silicon Valley startup ecosystem. She has lived & worked in Canada, Australia, New Zealand, Ireland, London, Northern Ireland & Silicon Valley. Bio https://pemo.one

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