Not good news:
Unemployment rises, wage growth subdued
The unemployment rate has jumped to 5.7 percent, with 144,000 out of work.
Official figures show the number of people out of work rose to 144,000, or 5.7 percent in the first three months of the year, compared with a revised rate of 5.4 percent in the previous quarter. …
Apparently this is the fastest increase in unemployment in more than 11 years. There has been an increase in the numbers employed, but it is overtaken by the increase in those seeking employment:
NZ unemployment jumps to 5.7 per cent despite strong job growth
Unemployment jumped in the first three months of the year, despite the number of new jobs being created is at its highest point in more than a year.
Figures from Statistics New Zealand showed that the rate of unemployment rose to 5.7 per cent, up from 5.3 per cent at the end of 2015.
…
Labour finance spokesman Grant Robertson said the high number of unemployed required a response in the Budget. “After eight years under National it is extraordinary that 144,000 New Zealanders are unemployed – almost 40,000 more than when they came to power. The Government has run out of excuses. It should be delivering by now.”
We’ve been on The Cusp of Something Special for years now, but still no Brighter Future. Perhaps we need government by evidence and effective policy rather than by slogan.
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