After last week’s unemployment figures gave us at 7.3% the worst jobless rate since National were last in power 13 years ago – worse than through the whole Global Financial Crisis, 2% worse than Aussie unemployment in their ‘slump’ – there was more sobering economic news yesterday.
While Audrey Young was giving the Key cabinet a glowing report card despite them lurching from crisis to crisis (so many crises the Novopay scandal can’t make the front pages after 3 months of stuff ups), the economy continued to struggle.
Seek reported that job adverts are down – maybe 7.3% isn’t the bottom for unemployment. And for women, worse news: the gender pay gap jumped from 12.85% to 14.15% – the worst rate in 10 years – as they bear the brunt of National’s economy.
Meanwhile, the Tourism sector won’t be picking up the slack, as the number of international tourist nights dwindled with the high dollar.
Still, I’m sure that Brighter FutureTM is just around the corner and we’re lucky we have John Key on hand to stick to his do nothing course…