Just reflecting on the back of yesterday's post, it must cause just a little bit of discomfit for politicians when they get it so wrong. No? I guess that if it did, they wouldn't be in the game.
"New Zealand’s unemployment rate is now worse than Australia’s – an economy described as ‘fast becoming a basket case’, Labour Finance spokesperson Grant Robertson says.
“Last night Australia’s new figures put unemployment at 5.9 per cent. New Zealand’s is 6 per cent.
“Australia’s economy has been going through extremely difficult times of late. It has been a rapid downturn for a once-thriving economy.
“New Zealand has experienced a sustained period of economic growth that is now falling away. We should be doing much better than Australia. There is no way our unemployment rate should be higher than the across the Tasman.
“John Key and Bill English always blame overseas economic factors and turbulent times. But the GFC is over and other countries are doing much better. Britain, Australia and the US all have unemployment levels below 6 per cent and falling. New Zealand’s is forecast to top 7 per cent.share on twitter
“The stark truth is National hasn’t been able to turn growth into jobs. Now the economy is going downhill opportunities will be even harder to come by, even for those with jobs.
“This isn’t the Kiwi dream. It’s getting harder and harder to get into work or find a better job. Behind these figures are real people with families to support and ambitions to fulfil.
“National is failing them,” Grant Robertson said.
And just for good measure here he is talking to the Labour Party conference:
"151,000 New Zealanders are out of work, and the rate of unemployment is six per cent, with projections that it will head towards seven per cent next year. 151,000 people. Think about that. It is nearly twice the population of this city out of work. It is nearly 50,000 more than when National took office. In Gisborne one in every ten people is out of work. It is clear that John Key and Bill English see levels of unemployment like this as collateral damage in their blinkered economic vision."
Actually impossible that we’re wrong
50 minutes ago