Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Jobs and wages boost shows NZ economy strong

Hon Grant Robertson

Minister of Finance

6 August 2019



Jobs and wages boost shows NZ economy strong amid global volatility

The Coalition Government’s economic plan is delivering jobs and higher wages for New Zealanders, Finance Minister Grant Robertson says.

The unemployment rate today fell to an 11-year low of 3.9 per cent. The number of people in employment increased by more than 21,000 over the three months to June 30, and annual wage growth hit a decade-high of 4.4 per cent.

“This is a tick of approval for the Coalition Government’s economic plan and responsible management of the economy,” Grant Robertson said.

“Our plan focusses on making sure all New Zealanders share in our economic success, while transitioning the economy to more productive and sustainable growth that will lift the living standards of everyone.

“The work we’re doing on the economy is supporting sustainable growth and providing a buffer against the volatile global situation. Only last night we saw another escalation in the US-China trade war, while Brexit continues to add uncertainty.

“We cannot get complacent in the face of slowing global economic growth, and these indicators will move around a bit. But, in New Zealand, we are running a surplus, have decade-low unemployment, and rising wages. Our growth rates are higher than the countries we compare ourselves to, like Australia, the UK, the EU, Canada and the US.

“Our careful management of the Government’s books has allowed us to make a record $1.2 billion investment in a school property building programme through the Wellbeing Budget, a $1.7 billion investment to fix our hospitals and mental health facilities, and major investments in KiwiRail, the Provincial Growth Fund and transport infrastructure.

“We are also focussing on helping employers find skilled workers through regional skills shortage lists, and by training our young people through schemes like Mana in Mahi, He Poutama Rangatahi and Fees-free.

“Wages are also starting to rise as a result of the Government’s policies, meaning more New Zealanders are sharing in the benefits of economic growth. Figures today show average ordinary time hourly earnings of $32.37 were up 4.4 per cent from a year ago, its biggest rise since June 2009,” Grant Robertson said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

RNZ Live Updates: SkyCity Fire Brings Auckland CBD To A Halt

The fire at Auckland's SkyCity international convention centre has been raging for more than a day resulting in nearby offices being shut, roads closed and health warnings being issued...

• The fire broke on the roof of the SkyCity international convention centre just after 1pm Tuesday.

• Fire and Emergency manager Ron Devlin says the plan is to "sacrifice the roof". Once materials from the roof have fallen in, crews can go into the fifth floor and put the fire out, he says. Photo: RNZ / Danielle Street More>>


Gordon Campbell: On Simon Bridges And Political Correctness

Having failed all year at being a credible alternative Prime Minister, National leader Simon Bridges has lowered his aspirational target this week to something more within his range. More>>

Bullying: Police Commissioner Announces Review

Police Commissioner Mike Bush has today announced an independent review of the systems and processes NZ Police has in place to address complaints of bullying. More>>


PM's Post-Cab: Now We Are Two

Questions covered Deputy Prime Minister Winston Peters' comments on the potential closure of Mediaworks' television channels, the Auckland light rail planning process, the select committee report on the Zero Carbon Bill and its methane target range... More>>

Court Issues New Guildines: Revamp Of Meth Sentencing Welcomed

The court accepted submissions by both the New Zealand Bar Association and the New Zealand Law Society that rather than solely focusing on the quantity of meth involved, there should be greater focus on the role of the offender. More>>


'Armed Response Teams': Armed Police "Will Cause American-Style Shootings"

The Police Commissioner's announcement that squadcars of officers with automatic rifles will patrol New Zealand's streets is dangerous and unnecessary, according to the criminal justice community organisation People Against Prisons Aotearoa. The ... More>>


Control Orders: Amnesty Says Don't Rush Terrorism Bill

"The problem is, we often see the word “terrorism” being applied broadly by oppressive regimes to detain innocent people who're simply rallying for a better life." More>>


Expert Reaction: $17 million To Fight Online Extremist Content

The Department of Internal Affairs will double its work investigating and preventing violent extremism online. Funding will also help bolster the Chief Censor's work to make fast decisions about harmful content. More>>





InfoPages News Channels