Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Struggling economy needs Government focus on jobs

CTU Media Release

20 December 2012

Struggling economy needs Government focus on jobs

“The weak growth of GDP in the September quarter and a revision downwards of the June quarter confirms that the economy is struggling,” says CTU economist, Bill Rosenberg. GDP rose only 0.2 percent in the quarter and the June quarter increase was revised downwards from 0.6 percent to 0.3 percent.

“The economy is not producing enough jobs. A change of Government focus is overdue. The focus should be on creation of good jobs, not a fixation on returning the government books to surplus too quickly. Speeding to a surplus is killing jobs.”

Manufacturing fell significantly in the last three months. “A fall of 1.1 percent in just a quarter confirms that we need to have policies that support manufacturing. It produces many good jobs, and supports 1.7 jobs in the rest of the economy for each one in manufacturing. Manufacturing generates a quarter of the economy’s exports and could do much more with the right support”, says Rosenberg.

“Even the output of primary industry, which is the strongest exporter at present, fell by a huge 3.2 percent in the quarter, though growth has been strong for the year.”

“It is positive to see construction activity increase because it provides jobs in a very depressed sector, and new buildings also lead to demand for materials, appliances and other products in the rest of the economy. However there is little sign of a rebalancing of the economy towards more high value exporting”, Rosenberg said.

“A decline in business investment in plant, machinery and equipment is not a good sign for future job creation. Businesses are running down inventories rather than taking on more staff.”

Flat household expenditure reflects the hard times that many families are experiencing.

“Current Government policies with a focus on a narrow business growth agenda are not addressing the real issues and are not working. It’s time for a new look at the ‘leave it to the market’ policies the government is following”, Rosenberg concluded.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Corrections Corrected: Supreme Court Rules On Release Dates

Corrections has always followed the lawful rulings of the Court in its calculation of sentence release dates. On four previous occasions, the Court of Appeal had upheld Corrections’ practices in calculating pre-sentence detention. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>

ALSO:

Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>

ALSO:

Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news