Unemployment hits 6%

Written By: - Date published: 11:12 am, August 6th, 2009 - 21 comments
Categories: economy, news, unemployment - Tags:

Stats NZ has just released the unemployment figures for the June Quarter.

Unemployment has hit 6%. That’s 138,000 people out of work.

We’re going to need more than a cycleway to get ourselves out of this one.

21 comments on “Unemployment hits 6%”

  1. Pat 1

    De-stocking the dairy industry by 20% is going to do SFA to help create jobs.

  2. infused 2

    Will give them a feel good feeling though.

  3. vto 3

    how about two cycleways then?

  4. infused 4

    I’d like a go-kart track, NZ long!

  5. snoozer 5

    that’s way worse than economists’ expectations of 5.5%-5.7%.

  6. Bright Red 7

    Bennett’s already in ‘no big deal’ mode. oh dear. http://www.scoop.co.nz/stories/PA0908/S00079.htm

    captcha: works

    • captcha: ten – will Bennett start caring when it hits ten percent?

      scoop typo: The Household Labour Force Survey puts the official rate of unemployment at 60 percent for the June quarter, up from 5.0 percent on March.

  7. BLiP 8

    If National Inc had some sort of cohesive, workable vision, even an “aspiration going forward”, I wouldn’t feel so dismayed about these latest statistics. But, no, there’s nothing from National Inc. Anyone remember the plan to fix the economy as outlined on 9 December 2008:

    My Government is today tabling a Bill to reduce personal taxes from 1 April 2009.     Its intention is to pass this new tax legislation by Christmas and it  believes this tax reduction will equip New Zealanders with some much needed extra cash in tough economic times.Personal taxes will be further reduced from 1 April 2010 and from 1 April 2011.  As a result, by 1 April 2011 around 80% of New Zealand taxpayers will end up paying no more than 20c in tax for every additional dollar that they earn.

    This programme of tax reduction is a central part of the economic plan of my Government, because it believes in encouraging New Zealanders to get ahead under their own steam, and it views personal tax reductions as an essential step in ensuring that can happen.

    Now that we know the “essential step” of its economic plan was a chimera, what has been proposed in its place? Nothing. Sweet fuck all. So bereft of ideas and so focus-group driven National Inc is floundering around creating a policy vacuum that sees Roger Douglas and Don Brash slithering back into positions where they can do real harm.

    Sell the schools, sell the prisons, sell the provision of social services, sell the public service HR and payroll functions, start the beneficiary bashing, tip the aged out of the work force, raise the age limit for the pensions, and back to the 1980’s here we come.

    Thanks National Inc. I’m lovin’ it.

  8. Don’t forget limit access to any form of education in order to keep the masses in their rightful place.

    Sadly I fear we are headed a couple of centuries back rather than a couple of decades, at the rate they are going, we will end up with distinct class systems with great hatred for the “other side”.

  9. Mike 10

    The largest quarterly increase in unemployment since 1988.
    This is the quarter that National’s ‘stimulus’ of $1 billion tax cuts for the top 3% took effect.

  10. Zaphod Beeblebrox 11

    Worst part is that all the steps Cullen took late last year- tax cuts etc and the effects of the interest rate cuts last year, which served us well during January-April will be through the system. Now we’ll have to rely on the cycleway and 9 day fortnight to save us. Meanwhile Aussie and the U.S. are starting to show signs of growth as their governments actually anticipated what was coming.

  11. There’s a world wide recession going on dont you know?

    Still glad to see Chris Carter is keeping the airlines in business.

    Funny cant see any posts here at the standard about him, there’s a dozen or so about English though.

    The standard= NZ’s answer to Faux News.

    • Zaphod Beeblebrox 12.1

      Why has Australia’s unemployment remained stable at 5.8% from last month whilst NZ has gone from 5.0 to 6.0% over tha last quarter? What does that say about the performance of the two economies?

      • Armchair Critic 12.1.1

        It will either be lies, damn lies and statistics, or that the Labor government in Australia is better at running an economy than the National government in New Zealand.

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