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


Better But Not Yet Good Enough


Thursday 5 August 1999

Better But Not Yet Good Enough

"The fact that unemployment is continuing to fall is good news, but 7% unemployment is still too high," Employers' Federation CEO Steve Marshall said today.

"It is clear that the country is climbing out of the situation caused largely by the Asian crisis and drought, evidenced by the good news that unemployment over the June to June year is down 11,000 and that 21,000 more people are in jobs.

"This demonstrates that the Employment Contracts Act is working well and is helping to support job creation as the economy starts to grow again.

"But the creation and retention of jobs is dependent on businesses having the right environment to operate in, a truth we hope all politicians remember as we head towards an election.

"The message is clear; levels of unemployment would reduce more quickly if business wasn't spending a fortune on bureaucratic complexities and if we all weren't carrying the high tax burden created by Government spending requirements.

"If we mean what we say about wanting full employment the trend for higher than ever government spending must be reversed, any suggestions of tax increases be put aside, and proposals which make it more difficult to employ such as repealing the Employments Contracts Act, or rolling back ACC reforms rejected.

"And we shouldn't be waiting until after the election to make further progress. As is happening overseas, Government should now be removing one of the major barriers to more jobs by introducing a personal grievance free probationary period.

"The trend of reduced unemployment is good, but there certainly is no room for complacency," he concluded.


© Scoop Media

Business Headlines | Sci-Tech Headlines


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news