Wednesday, August 07, 2024



21,000 unemployed under National

The latest labour market statistics have dropped, showing another rise in unemployment. There are now 143,000 unemployed - 21,000 more than when National took office.

This is the result of a deliberate policy choice by both the government and the reserve bank to engineer a recession and throw people out of work to protect the value of rich people's money. And the fact that they've both chosen to do this, chosen to do nothing to moderate its impacts, and in fact chosen to make it worse by throwing public servants out of work (with a consequent flow-on effect on the Wellington economy) tells us an awful lot about their values.