Wednesday, May 01, 2024

14,000 unemployed under National

The latest labour market statistics, showing a rise in unemployment. There are now 134,000 unemployed - 14,000 more than when the National government took office. Which is I guess what happens when the Reserve Bank causes a recession in an effort to Keep Wages Low.

The previous government saw a modest decrease in unemployment, despite a significant increase in the size of the workforce. So this is a bad start for National, but it is early days yet. Still, they're unlikely to be as committed to keeping people in work as Labour were, so their number will probably get a lot worse.