Jobs and social spending up

A number of positive economic stories today plus announcements of increased social spending, it might almost look like an election campaign blitz but it’s early for that.

Unemployment falls to 4.9 per cent

The latest Household Labour Force Survey (HLFS) shows the economy continues to deliver for New Zealanders says Tertiary Education, Skills and Employment Minister Paul Goldsmith.

“The unemployment rate is again at 4.9 per cent in the March 2017 quarter,” says Mr Goldsmith.

“We have 29,000 more Kiwis employed in the past three months as job growth continues to be faster than population growth.”

Record labour force participation continues with the rate increasing again to 70.6 per cent.

Job growth continues to be strong with 137,000 new jobs created in the past 12 months. Wages also grew by 2.1 per cent over the year, taking the average annual wage to $58,935.

Budget 2017: $321m Social Investment package

Budget 2017 will include a $321 million Social Investment Package with 14 initiatives designed to help our most vulnerable to improve their circumstances, Social Investment Minister Amy Adams says.

A key part of the package is about supporting children most at risk of long-term disadvantage, with $68.8 million confirmed today as being targeted at children with behavioural issues, communication problems or a challenging family environment.

Pre-Budget Speech

– Bill English

1 News:

NZ to need 200,000 extra service workers in next three years, new report warns

The country will need more than 200,000 extra workers in jobs like retailing, hospitality and aged care work in the next three years, according to the researchers from Business and Economic Research.

There’s a boom in the fitness industry and tourism, there’s an ageing population and a growing economy, all fuelling the need for more service workers.

Bruce Robertson of At Your Service Aotearoa, which commissioned the report, says the looming shortage is “certainly scary”.

The Government is less worried.

“I think it’s great opportunities for Kiwis when you’re in a growing economy, creating more jobs,” said Paul Goldsmith, Skills and Employment Minister.

“We’re creating more jobs than the population is growing so there is opportunities for Kiwis to get employment.”

And for the fourth Global Dairy Auction in a row prices are up, this time by 3.6% overall.

The budget is in three weeks, and a lot will be riding on that for Bill English and National, but today’s news won’t do them any harm at all..

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4 Comments

  1. Bob

     /  May 3, 2017

    TV ONE had a whinging story about the crises with the 200k worked needed tonight and only last week they were hyping up the immigration numbers and how that was a disaster, can’t make up there minds, barking at every passing car!

  2. patupaiarehe

     /  May 3, 2017

    The country will need more than 200,000 extra workers in jobs like retailing, hospitality and aged care work in the next three years, according to the researchers from Business and Economic Research.

    And here I was, wondering why the ‘student visa loophole’ hasn’t been closed. We are 200,000 workers short, in 3 of the poorest paying jobs in the country. It all makes sense now…

    • Anonymous Coward

       /  May 3, 2017

      I used to be a chef . You pay peanuts and treat your staff like shit … and then you wonder why you can’t find workers. Fuck it, let’s import some immigrants to treat like shit, that’ll work out OK , won’t it?

      • Brown

         /  May 4, 2017

        I’m in a low paid driving job at present (my choice to explore something else in my old age) and can see why there is huge staff turnover in some of these jobs. A family man simply cannot survive on a 40 hour week. The money is simply too poor to allow a life – working a 70 hour week to just get by is not a life. We need to stop subsidising employers with tax payer money and stop whining about what things cost. “Things” (outside of govt services) have never been cheaper.