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 Inquiry Into One Case Of Dirty Politics

Suddenly, we’re awash in inquiries and reviews. (It feels almost as if the Greens won the last election.) Caught out by the damning inquiry by SIS Inspector-General Cheryl Gwyn, the government’s response yesterday was utterly in character – it released two other major reports at the same time to try and distract public attention...

Inquiries are supposed to re-assure the public. What these inquiry outcomes share in common is a government culture of zero responsibility. More>>

IGIS: Statement On Early Report Release

As the Inspector-General stated at the release of the report yesterday morning, she is examining what steps to take over the early disclosure of information from the report... Ms Gwyn said that she was aware of Mr Goff's subsequent statements that he had disclosed some information concerning findings in the report. She will be seeking further information from Mr Goff and others. More>>

ALSO:

IGIS ON SIS:

 
 

Parliament Today:

Temporary Release Crackdown Continues: Corrections Review Of Phillip Smith Case

“The review by Corrections’ Chief Custodial Officer reveals that the plan for Smith’s series of temporary releases was overly ambitious and misinformed. He’s a highly manipulative and deceptive person who although technically eligible, should not have been considered for temporary release." More>>

ALSO:

White Ribbon Day: Govt Resumes Sexual Violence Trial Proceedings Work

Justice Minister Amy Adams has asked the Law Commission to resume work on proposals for better supporting victims of sexual violence through the criminal process. The Law Commission will revisit its previous work on alternative pre-trial and trial processes to identify options for improving complainants’ experience in court. More>>

ALSO:

"New Faces, Wise Heads": Andrew Little Announces New Labour Line Up

Labour Leader Andrew Little today announced a bold new caucus line up which brings forward new talent and draws on the party’s depth of experience. More>>

ALSO:

Gordon Campbell: On Rick Ellis As Te Papa’s New CEO

The recent appointment of former TVNZ boss Rick Ellis to head Te Papa has copped a fair bit of criticism. Much of it has been inspired by the suspicion that Ellis has been hired to pursue the same purely commercial goals as he did at TVNZ, while similarly neglecting the serious cultural side of his mandate. More>>

Passport Cancellation, Surveillance: Draft 'Foreign Fighters Legislation' Released

The final draft of the Countering Terrorist Fighters Legislation Bill contains proposals previously announced by Mr Key in a major national security speech earlier this month. More>>

ALSO:

Related

Joint Statement: Establishment Of NZ-China Strategic Partnership

At the invitation of Governor-General Lt Gen The Rt Hon Sir Jerry Mateparae and Prime Minister The Rt Hon John Key of New Zealand, President Xi Jinping of the People’s Republic of China made a state visit to New Zealand from 19 to 21 November 2014... More>>

ALSO:

Savings Targets: Health Procurement Plan Changes Direction

Next steps in implementing DHB shared services programme Health Minister Jonathan Coleman says the Government has agreed to explore a proposal put forward by DHBs to move implementation of the shared services programme to a DHB-owned vehicle. More>>

ALSO:

More on Health Policy:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news