The quarterly labour market statistics were released this morning, showing that unemployment is stable at 3.4%. There are now 102,000 unemployed - 21,000 fewer than when Labour took office.
This is a good result, and it shows that there's some resistance to the Reserve Bank's policy of Brashing the economy and throwing people out of work to save corporate profits. But the bank has doubled down, and doubled down again, so it might not last.
