Wednesday, August 05, 2026



49,000 unemployed under National

The June labour market statistics are out, showing unemployment has risen again to 5.6%. There are now 171,000 unemployed, 49,000 more than when National took office.

The next - and hopefully final for this regime - set of unemployment statistics should drop right around election time. But we're basically looking at a regime which has deliberately increased unemployment by 40%, by slashing public service jobs and demanding the reserve bank focus strictly on inflation (meaning that it throws people out of work whenever rich people's money starts to evaporate). And that is an absolutely toxic legacy which should see them de-elected by an angry electorate. If we fail to do so, we have no-one but ourselves to blame when they fuck us over even more.