Wednesday, February 01, 2023

24,000 employed under Labour

The quarterly labour market statistics were released this morning, showing that unemployment has risen slightly to 3.4%. There are now 99,000 people unemployed - 24,000 fewer than when Labour took office.

So, I guess the Reserve Bank's plan to throw people out of work to stop wage rises "inflation", and victimise the most vulnerable in society to protect the abstract wealth of the uber-rich from eroding isn't working yet. Unfortunately, this probably means they'll just keep doubling down.