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


Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>


Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>


RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>


ScoopPro: Helping PR Professionals Get More Out Of Scoop has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>