Wednesday, November 04, 2020

25,000 unemployed under Labour

The labour market statistics have been released, and unemployment has spiked to 151,000 - 25,000 more than when the government took office. There is an obvious reason for this, of course - the pandemic. And we're nowhere near the unemployment peak according to the modelling. The government's job is to keep that peak as low as possible, and as short as possible - to flatten that curve too. And unlike National, who during the GFC just left it all to the market, Labour will actually have some interest in doing that.