Jack Tame

Better than anyone, it seems.

Yeah, they've kind of, again.

When you can dig stuff out of the ground, it makes a hell of a difference.

And so, yeah, so it's pretty standard that you would say.

I mean, COVID was a bit of an anomaly because you had the built-up demand as well.

You had all of these kids who'd been stuck in New Zealand for a couple of years who couldn't really travel, and then all of a sudden you open the gates.

So there was always going to be a bit of a surge then.

But if you look over time, especially in the last 25 years, the kind of surges we've had in unemployment have been matched about a year later by a surge in people going to Australia.

And you can kind of map it right across.

And, you know, if unemployment here is 5.3 right now, imagine what would have happened in New Zealand if we didn't have people going to Australia.

Yeah.

If we hadn't lost a couple of hundred thousand people over the last four years.

What unemployment might be.

There is a way to look at it and go like, oh, is that actually.

Probably a bit of both, but I suppose... Feels like both.

Well, the big concern is that it's young people.

It just massively skews.

18 to 35, that's the demograph that's moving.

It's nuts.

We've got a graph of it tonight that kind of breaks it down by demographs.