this post was submitted on 25 Sep 2023
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I just went looking for data. The "how" appears to be COVID [PDF]. Page 4 shows a huge jump in 2020 followed by a reduction in future years.
Not to mention, like someone else mentioned, the Reserve Bank has spent the last couple of years actively and openly trying to reduce the number of jobs to cause a minor recession. Why do National pretend not to understand the basic components of the economy? (it must be feigned, as they have experts on their team).