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New Zealand: New figures show young job seekers hit hardest by Covid-19

Young job seekers have been hit hard by Covid-19, with a rise of more than 80 per cent in the number of 18-24-year-olds on the Job Seeker Allowance.

Recent data from the Ministry of Social Development shows the number of 18-19-year-olds on the Job Seeker Work Ready allowance went from 5970 in August 2019 to 11,105 in August 2020. That’s an increase of 5135 young people on the benefit – or a rise of 86 per cent.

The number of 20-24-year-olds on the same allowance went from 14,220 in August 2019 to 26,268 in August 2020. That’s 12,048 more people on the allowance or an increase of 84 per cent.

In comparison, people seeking Job Seeker assistance in the 40-44-year-old age group went from 6774 in August 2019 to 9949 in August 2020 – an increase of just more than 46 per cent. Read more via NZHerald

Pemo Theodore

Pemo is a Media Publisher & Event Producer. She is CoFounder/CEO Silicon Valley TV She is the Executive Producer of FinTech Silicon Valley & organizes Bay Area FinTech meetup: Silicon Valley FinTech meetup & Blockchain Music meetup with almost 3k members. She has produced Silicon Valley Events for Investors & Startups 7 years. She video interviews venture capitalists & angel investors & FinTech experts. She partners with videographers to cover San Francisco Bay area startup conferences & meetups with livestreaming, video & foto packages Silicon Valley TV She is based in Silicon Valley & has been involved in online business for 14 years. She has been in small business for 46 years in Ireland, London, Canada & Australia. She also published a free ebook (the findings of 1 year research from VCs, angels & women founders) “Why are Women Funded Less than Men? a crowdsourced conversation” She was TheNextWomen‘s most prolific contributor of 2011. Silicon Valley TV has been noted as a platform for supporting high growth women led companies in Huffington Post

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