The March quarter unemployment rate is out today. It should be back down below 7% from the appalling 7.3% that National let it rise to. My hope is to see it fall to at most 6.8%, that’ll represent 10,000 Kiwis back into work.
But there’s some negative signs: low job ads, high benefit numbers, and Bill English’s comment yesterday (when he would already have had the figure): “it appears unemployment is approaching a peak. We are not quite sure whether it has reached it yet.”
It is a year since the recession ended. Australia’s unemployment has been going down for half a year. This do nothing government has sat by while tens of thousands of Kiwis have lost their jobs. It’s well past time things started to turn around. If there is not a serious reduction in unemployment, it will only add to the blame National must carry for allowing things to get this bad.