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Thread: Unemployment at 27-year low

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    Thumbs up Unemployment at 27-year low

    Unemployment figures at 27-year low
    Updated 1:50PM Wednesday April 11, 2007

    The number of people on the unemployment benefit has dropped to a 27-year low, the Government said today.

    Social Development Minister David Benson-Pope said the number of people receiving the unemployment benefit had fallen by a third in the past year.

    However, the overall working-age beneficiary numbers have dropped by just 6 per cent since 1999, prompting National to ask for an explanation.

    Figures released today by Mr Benson-Pope show unemployment beneficiary numbers dropped from 44,549 at the end of March 2006 to 28,845 at the end of March this year -- a decline of 35 per cent.

    The number of solo mums and dads on the domestic purposes benefit (DPB) also dropped 6 per cent over the same period.

    But the figures show the number of people receiving the sickness and invalid's benefits continued to grow, by 4 per cent and 3 per cent respectively.

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    Employment figures look good but zilch job security a worry
    5:00AM Sunday April 15, 2007
    By Matt McCarten

    The economic news just keeps getting better for the Government.

    Unemployment is at a 27-year low, and official numbers have plummeted by 35 per cent in the last year alone.

    Michael Cullen couldn't be happier with himself. In the past eight months he's managed to get himself a $6.5 billion surplus and even his two superannuation funds raked in $700 million more than budgeted. The Government net asset worth increased by $11.7 billion in this time. On this basis, every New Zealander's collective worth has increased by over $4500 in just 38 weeks. Do you feel wealthier? Probably not, but it's nice to think our national assets are increasing at the same time our employment is soaring.

    Even the cynics and political opponents couldn't find much to criticise when the Government announced that unemployment figures have plummeted by 82 per cent since the Labour Party came into power. Our economy has had strong growth and unemployment of 28,000 is astonishing. This is the lowest since Robert Muldoon was the boss.

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    Mother Bear

    Try to bloom wherever you are planted.

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