Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Some GDP growth – but jobs way behind

CTU Media Release

19 September 2013

Some GDP growth – but jobs way behind

“While it is good to see economic growth remained positive despite the drought, we have yet to see the strong job growth that is need to seriously knock a hole in  unemployment and joblessness”, says CTU Economic Bill Rosenberg.

“With forecasts showing the unemployment rate not dropping below 6.0 percent this year, 153,000 unemployed and 245,400 jobless, a ‘recovery’ is not a recovery unless it helps the people who most need it. We need more jobs with strongly rising wages that ensure wage and salary earners share in the growth.”

“Manufacturing is struggling, even putting aside the agriculture-related food and beverage industries which have suffered from the drought, so good jobs with good wages are not coming through for many people. It is good to see construction growing rapidly from the point of view of jobs, but we need a broader based recovery, and one that supplies good well-paid jobs. Otherwise what economic growth there is will benefit only a minority.”

This won’t “just happen”, says Rosenberg. “It needs good industry policies which lead to sound economic development. Sound development should rebalance not only the economy but close the gaps resulting from middle and low income earners getting an unfair share of the economy and the work they contribute to it.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Scoop Business: A Decade Of Government Pre-Seed Investment

More publicly-funded science is being commercialised after a decade of government ‘pre-see’d investment, according to an independent review. More>>


Solid Energy: Plan To Shut Unprofitable Huntly East Mine

Solid Energy, the state-owned coal miner in voluntary administration, plans to shut down its unprofitable Huntly East mine and lay off 65 staff after deciding the site stands "no chance whatsoever" of finding a buyer. More>>


E Tū: Merger Creates NZ's Biggest Private Sector Union

E tū has been created by the merger of the Engineering, Printing and Manufacturing Union and Service and Food Workers’ Union. It represents more than 50,000 working New Zealanders in industries as diverse as aviation, construction, journalism, food manufacturing, mining and cleaning. More>>


Internet: NZ Govt Lifts Target Speeds For Rural Broadband

The government has lifted its expectations on faster broadband speeds for rural New Zealand as it targets increased spending on research and development in the country's information and communications technology sector, which it sees as a key driver for export growth. More>>


Banks: Westpac Keeps Core Government Transactions Contract

The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. More>>


Science Investment Plan: Universities Welcome Statement

Universities New Zealand has welcomed the National Statement of Science Investment released by the Government today... this is a critical document as it sets out the Government’s ten-year strategic direction that will guide future investment in New Zealand’s science system. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news