National’s economic “geniuses” are hard at work again:
Government talks up NZ economy amid warning of 7pc unemployment
Hard at work spinning that is, since they can’t seem to do anything.
Unemployment could be heading back up to 7 per cent, with new figures showing a contraction in the labour market.
Figures from Statistics New Zealand on Wednesday showed that unemployment rose to an 18-month high of 6.0 per cent in the September quarter.
While the increase was expected, there was an alarming drop in the number of New Zealanders employed, down 11,000 during the quarter.
Economists had expected the economy to create 10,000 jobs over the three months, but instead the number employed dropped first the first time in three years.
In related news, Unemployment ‘likely’ to rise further. Brighter Future! Cusp of Something Special!
Thank goodness Steven Joyce is here to sort it all out:
No job? Move to the regions, urges govt
Unemployed people are being urged to look to the regions for work by the government, after the unemployment rate broke the 6 percent mark yesterday.
Steven Joyce … said that in some regions such as Otago and Northland, there were shortages of people applying for jobs, and unemployed people should consider moving if they could.
Quite apart from the fact that uprooting a family and moving is a huge undertaking, quite apart from the fact that the unemployed / poor are exactly the people who don’t have the resources to do so, this is still a useless suggestion.
In the South Island unemployment rose by 1% to 4.4%. Northland has the highest rate of unemployment of any region at 8.2 per cent. Given the huge and punitive pressure of the “Jobseeker” requirements, the claim that there are “shortages of people applying for jobs” can only be nonsense (or apply only to highly specific skilled cases). What’s the point in moving to the regions where unemployment is still high? Why isn’t the government doing anything to successfully stimulate the economy, and / or create jobs?
The icing on this Cake of Fail:
MBIE staff strike over work conditions
More than 1000 government workers have gone on strike for two hours to protest about work conditions at the Ministry of Business, Innovation and Employment (MBIE).
Even if you get a job it will probably be a crap job. Staff are striking over pay and conditions. At the Ministry of – Employment. Brilliant.