April Unemployment Figures – Can We Trust Them?

Looking at the unemployment rate since April 2015 as graphed, one may think the impact of the COVID-19 pandemic is an economic ‘reset’, and we’ve recovered from unemployment problems in recent years. Note the sharp surge back to April 2015 levels. However, a like for like comparison is not possible so lets take a closer look at the key data and then the assumptions behind the calculations.