The quarterly labour market statistics were released this morning, and unemployment has risen slightly to 3.6%. There are now 109,000 unemployed - 14,000 fewer than when Labour took office.
So, so far the Reserve Bank has managed to throw all of 7,000 people out of work in its quest to protect the value of rich people's yacht money. Which seems to be fewer than they want to, so they'll probably keep trying to spread misery and hardship. Which really does make you wonder why we put up with them, rather than having an economic policy focused on protecting people, rather than money.
