Wednesday, August 03, 2022

27,000 employed under Labour

The quarterly labour market statistics were released this morning, showing unemployment has risen slightly to 3.3%. There are now 96,000 unemployed - 27,000 fewer than when Labour took office.

The media narrative around this release has been... interesting. Unemployment was predicted to be as low as 2.8%, causing panic from the rich. Unemplyment is Bad, it seems, unless there's "not enough" of it and wages are rising, in which case its time for the Reserve bank to throw people out of work and the government to attract cheap foreign labour to keep those uppity workers under control. Which tells you who policy is made for, and it isn't ordinary kiwis.