Statistics New Zealand has released the Labour Market Statistics Sept 2015 quarter and the labour market isn’t looking that flash:
- Employed people down 0.4%
- Unemployed people up 6%
- Labour force participation down 0.7%
It puts the current welfare reforms policy in a bit of a pickle given its sole reliance on a growing job market to lift people out of poverty. Might be time to re-think options.
Watch out for the upcoming Vulnerability Report for more discussion on the current labour market environment.