The quarterly labour market statistics were released this morning, showing that unemployment had dropped to 3.2% - the lowest since records began. There are now 93,000 unemployed, 30,000 fewer than when Labour took office.
This is an impressive feat for a government in the middle of a pandemic, but the expectation is that its going to go even lower. Business will squeal even louder at that - they're already having trouble getting people to take shit jobs, and facing pressure to raise wages from their existing workers. And if it goes on they're going to face real pressure to invest to raise productivity rather than just relying on adding more cheap labour. But it'll be good for ordinary kiwis for once.
