Govt falls short on jobs promise
Fri, 09 Nov 2012 6:10p.m.
By Duncan Garner
By Political Editor Ducan Garner
It's difficult getting a job these days. Unemployment spiked in winter when 13,000 more people were out of work. Is this a blip or something more serious?
Deputy Prime Minister and Finance Minister Bill English says he thinks it’s a “slow patch”.
“You could call it a blip,” he says. “There are slow patches but we are on track for 2 to 3 percent growth.”
But Labour leader David Shearer disagrees.
“It's something more serious, there is an underlying problem with our economy.”
This week's indicators are worrying – unemployment is up half a percent to 7.3 percent, 300,000 people are either unemployed or wanting more hours, and the Government's books are $449 million worse off than predicted after a slump in tax revenue.
Yesterday we asked Mr English how many of the 170,000 jobs over four years have been created. He couldn't answer. But today he admitted that the Government is not on target.
“In the past two years, [there are] 26,000 people in new jobs, but in the last quarter no new jobs – which is why we want to crack on,” he says. “We are behind the 170,000 track.”
Some economists say another 25,000 workers could be unemployed by next year.
“Our modelling puts the unemployment rate at 8 percent by March next year,” says BERL economist Ganesh Nana. Mr Nana thinks the Government must change tack.
“You have a seven in front of unemployment, you have a five in front of dairy forecast payout, a zero in front of inflation and export growth – how many warning signs do you need on the dashboard until you do something different?”
Mr English isn’t convinced.
“We think we have the balance about right,” he says.
But jobs and job security are fundamental. Quips about 'gay' red tops, David Beckham and what the Prime Minister knew or didn't know about Kim Dotcom are insignificant when compared with a strong economy. If the poor numbers continue, National's in trouble.
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29/11/2012 4:50:28 p.m.
@Mike - From what source are you obtaining your stats? Inflation wasn't at 5% in 2000-2005. What was Growth Export growth 2005-2008 ?
14/11/2012 5:51:45 p.m.
We need to be shunting English and Key to the side as quickly as possible. Come on people stand up and save NZ get rid of this trash.
11/11/2012 1:41:42 a.m.
JUST ME....Well I suppose the Nationalites can only 'shunt'concern and regard for the voters to the side for so long eh.
10/11/2012 5:42:34 p.m.
Just Me wrote:
For many NZers desparately seeking a job no matter what industry there is no "Brighter Future" for them(the job seekers/hunters)is 'out there' in NZ.A while back Bill English used "Guess-work"(his words he finally admitted)in regards to the partial state asset sales.A little while later he was "absolutely certain" paid parental leave would be 'too expensive' for NZ.
It's all fine and dandy for an over-paid politician to say the economy is ticking along nicely.But it's another thing to be an unemployed person trying to find a job in almost jobless NZ.Double dipping English isn't concerned about what the rest of NZ is going through.His main concern is feathering his own nest.
If this is just a blip in the economy I dread to imagine what an iceberg will cause when the National Government Titanic hits it.
In the mean-time how much of the NZ wide cycle-way has been completed and being used?
One thing we must know for absolute certainty is to never ever trust a politician.Their inability for honesty and caring about others outside of election time is not their concern.
From what I have noticed about the body language of politicians and mainly the National government ones is they love to 'shunt' concern and regard for the voters to the side.
10/11/2012 1:15:45 p.m.
It was reported that when questioned about the current status of unemployment, Bill English appeared to not be very concerned, well suppose he dosn't really care too much considering how well feathered his own nest is.
10/11/2012 10:37:35 a.m.
Close to 7.5 percent unemployment is doing well according to the deluded.
A failure to reach budget surplus when promised is doing well according to the deluded.
The illegal use of the GCSB is all good according to the deluded.
Failures from fairly much every government Minister s doing well again according to the deluded.
And hey while the deluded are at it they may as well throw in some bogus figures.
What utter tripe, some people will excuse absolutely everything when they think it will affect their wallets.
10/11/2012 9:10:38 a.m.
The article states that Mr English 'isn’t convinced' "We think we have the balance about right," English says. Oh, dear! Does he think that he can spin his way out with the voters by his constant BS? We have a government of the wealthy for the wealthy with selfish self serving ideas at the expense of the nation.
10/11/2012 8:51:58 a.m.
National is living in the past, so blinkered by a demonstrably failed 20th century ideology they are unable to see that the world has changed and everyone else is moving on. The only answer they have is to funnel more of the public wealth into the private hands of the elite few. Intellectually incapable of finding a new way forward, they are destroying our economy by looking blindly backwards.
After four years of economic failure - rampant unemployment, soaring cost of living, stagnant wages, business closures, credit rating downgrades, $50 Billion extra debt - why does anyone think Finance Minister Bill English has any credibility at all?
10/11/2012 8:34:03 a.m.
NZ an export country, and without exports we cant afford all this welfare. It will be exports that dig us out of our current mess.Export growth in boom years under Labour 2000-2005 - 5% which didn't keep up with inflation.Export growth in recession under National 2008-2011 - 11%.Export growth this last quarter - 5.1%The world is in rcession and its not easy out there. NZ doing pretty well considering.If you feel its better to borrow excessively, print money, lower real wages - can always try some of those countries doing this. Like Greece, the US.We are expected to have more growth than Aus, even with their mining this financial year.We can always go back to Labours 'buddy' system. Like how much income tax did Judith Tizzard pay on her $300K plus gov-gen salary under Labours 'Buddy' system? Oh wait, she paid 0% income tax as she was a buddy, and to deduct income tax would put her below the poverty line for corruptness!
10/11/2012 8:10:37 a.m.
well, you cant blame the unemployed for this countrys problems. But national like to do just that. Its a double edged sword. Solution: create job incentives by lowering taxes. oh wait a minute. lower taxes? cant do that.How about steal it from those who can least afford it. National digging a big hole for nz to go into, and then it will be up for sale for any old price. Bill English is in la la land.All he cares about at the end of the day is his pay packet.
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