Provincial Growth Fund – jobs created

National MP Paul Goldsmith asked Minister for Regional Development Shane Jones questions about job creation in Parliament yesterday:

Hon Paul Goldsmith: Does he accept the figures of the latest household labour force survey, which showed that while New Zealand was creating 10,000 jobs per month under the last two years of the National Government, over the past three months it’s created only 667 jobs per month; and if so, does he think the Provincial Growth Fund will compensate for that massive reduction in job creation?

Hon SHANE JONES: On the question of jobs, as the first citizen of the provinces, I look at things through the spyglass of optimism. And the reality is that, as we make our allocation decisions, these projects and these capital investments take time to fully roll out. But I have sought additional advice, and very shortly I will provide a figure both to the House and to public, which is inversely related to the gibberish I had from that member around about Waitangi time.

Hon Paul Goldsmith: Does he accept that if job growth had continued at the same pace that it had under National, there would have been an extra 28,000 jobs created in the past three months in this country; and is the Provincial Growth Fund in any way compensating for that lost opportunity for Kiwis?

Hon SHANE JONES: Obviously, the Provincial Growth Fund is really premised on the notion of provincial futures, and I have had precious little time to think about those dim, bleak times that he refers to.

Comment from Gezza:


Provincial Champion, Shane Jones corrects the record on PGF job numbers
(Actually, it’s more of a case of he says he finally now has a record of job numbers)

Regional Economic Development Minister Shane Jones has told 1 NEWS that 560 jobs have been generated so far by the Provincial Growth Fund. It comes several weeks after National’s Economic and Regional Development spokesperson Paul Goldsmith claimed the fund had only created 54 jobs.

Mr Jones admits he wasn’t tracking the number properly, but says officials have now done a ring-around and are promising regular updates. “[It’s] 10 times larger than the miserable figure that my National opposition character [in] Epsom sulks, Mr Goldsmith was tossing around,” he said.

The Minister says the 560 figure is made up of both part-time and full-time jobs, and does not include contractors, trainees or bureaucrats.

More…

1 News at 6 video clip embedded
https://www.tvnz.co.nz/one-news/new-zealand/exclusive-govts-3b-provincial-growth-fund-generates-560-jobs-good-start-towards-10k-promise?variant=tb_v_1


So 560 is all jobs working any number of hours, not the Full Time Equivalent that is often given for job numbers.

It’s early days yet for the Provincial Growth Fund. ‘Only’ $650 million of the three year budget of $3 billion has been handed out so far.

Time will tell how many jobs are created through investment from the fund – total and FTE – and more time will tell how many of those jobs are not short term. It’s possible that once the fiunding runs out that some jobs won’t be financially sustainable.

 

Leave a comment

8 Comments

  1. Griff.

     /  21st February 2019

    Provincial Growth Fund– jobs created
    It is all about one job.
    Buying A seat for the future leader of New Zealand first with our money.

    Reply
  2. artcroft

     /  21st February 2019

    The more I hear from Shane Jones the less impressed I am.

    Reply
    • artcroft

       /  21st February 2019

      Even in his role as Mr Bulls**t he fails to convince, clearly having time only for himself.

      Reply
    • Corky

       /  21st February 2019

      Arty, you need to pay your respects. Shane says:

      ”On the question of jobs, as the first citizen of the provinces.”

      Reply
  3. Corky

     /  21st February 2019

    Nothing new here. More intelligent posters on this blog have previously predicted the above scenario.

    Reply
  4. Finbaar Rustle

     /  21st February 2019

    National created only 10 new jobs per month in their last two years in office.

    Reply

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