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

Gordon Campbell: On The Life And ACC Work Of Sir Owen Woodhouse

With the death of Sir Owen Woodhouse, the founding father of the Accident Compensation Scheme, New Zealand has lost one of the titans of its post-war social policy.

In its original incarnation in the early 1970s, ACC had been a globally innovative “no fault” scheme whereby accident victims surrendered their right to sue those responsible – on the understanding that they would receive compensation at a level that, as Woodhouse famously stated, would be sufficient to enable accident victims to fully participate in social life... More>>

 

Parliament Today:

Bad Transnationals: Rio Tinto Wins 2013 Roger Award

It won the 2011 Roger Award and was runner up in 2012, 2009 and 08. One 2013 nomination said simply and in its entirety: “Blackmailing country”... More>>

ALSO:

Select Committees: Tobacco Plain Packaging Hearings

The Stroke Foundation is today backing the Cancer Society and Smokefree Coalition who are making oral submissions to the Health Select Committee in support of proposed legislation to remove of all branding from tobacco products. More>>

ALSO:

Milk: Oravida Asked For Cabinet Help

New evidence released by New Zealand First today reveals Justice Minister Judith Collins used her position to manipulate the Government to help her husband’s company, Oravida, after the Fonterra botulism scare, says New Zealand First Leader Rt Hon Winston Peters. More>>

ALSO:

With Conditions: Ruataniwha Consents Approved In Draft Decision

The Tukituki Catchment Proposal Board of Inquiry has granted 17 resource consents relating to the $265 million Ruataniwha Water Storage Scheme in a draft decision that would open more of the Hawke’s Bay to irrigation. More>>

ALSO:

Fast Lanes, Campervans: Labour 'Making The Holidays Easier For Kiwi Drivers'

The next Labour Government will make the holidays easier and journeys quicker for Kiwi families driving on the roads, says Labour Leader David Cunliffe. More>>

ALSO:

Gordon Campbell: On Royalty And Its Tourism Spin-Offs

Ultimately the Queen’s longevity has been one of her most significant accomplishments. A transition to Prince Charles while the monarchy was in the pits of public esteem in the mid to late 1990s would have been disastrous for the Royal Firm. Far more congenial representatives have now emerged... More>>

ALSO:

Privacy (Again): ACC Demands Excessive Privacy Waivers

Labour: “This is just another example of ACC under National deliberately acting to deny treatment and compensation... Those who did fill in the form have effectively been victims of yet another ACC privacy breach. This time Judith Collins knew it was happening..." More>>

ALSO:

IPCC: Many Pathways To Substantial Emissions Reductions Available

A new report by the Intergovernmental Panel on Climate Change (IPCC) shows that global emissions of greenhouse gases have risen to unprecedented levels despite a growing number of policies to reduce climate change. Emissions grew more quickly between 2000 and 2010 than in each of the three previous decades. More>>

ALSO:

Bowels: Green Light From Labour For Cancer Screening Programme

Labour Leader David Cunliffe has today committed to a national bowel screening programme, starting with extending the current service to the Southern and Waikato districts. More>>

ALSO:

Dotcom Speaks To Mana AGM: Negotiations With The Internet Party To COntinue

The MANA AGM decided unanimously to continue negotiaitions with the Internet Party. Within a month further negotiations, further consultation with MANA branches and a final decision on whether to proceed with a relationship is expected. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news