33,000 Kiwis pull out of the labour force

The number of Kiwis in the labour force has dropped by 33,000, showing Kiwis are opting out of looking for work in National’s stagnant economy, says Labour’s Finance spokesperson David Parker.

“The number of people in the labour force has dropped by 33,000 and the labour force participation rate has dropped by 1.2 percentage points. The number of people employed has fallen by 23,000.

“Disappointed Kiwis are giving up on John Key’s brighter future. National’s hands-off policies are forcing Kiwis to opt out of looking for work or head to Australia.

“All across New Zealand there are tens of thousands of New Zealanders looking for work. Just last week 190 jobs were lost at Summit Wool Spinners in Oamaru – a desperate blow to the community.

“Bill English says his most important priority is welfare reform. That’s ridiculous. His priority should be getting Kiwis into work, not shuffling the benefits around.
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Another provincial town reeling under National’s inept management

High dollar forces Summit factory closure, 190 jobs cut in Oamaru

The crippling exchange rate has caused 192 hard-working Kiwis to lose their job as Summit Wool Spinner is sold, says Labour’s Finance spokesperson David Parker.

Summit is being sold by its parent company Sumitomo to Godfrey Hurst in Australia. The chief executive has said the high New Zealand dollar is a major reason for this.

“Summit employs 192 people and they are all being made redundant. In Oamaru tonight there will be worried discussions over the dinner table and many sleepless nights. Many will likely head to Australia as in Greymouth after the closure of the Spring Creek mine.
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Revenue projections drop by almost $1b a month

The Government’s tax forecasts for 2012 – 2016 have dropped by almost $1 billion a month since the election, highlighting its failure to boost growth and create jobs, says Labour’s Finance spokesperson David Parker.

“Since the election the Government’s tax forecasts have dropped by $1 billion a month. That’s no surprise when you’ve got 7.3 per cent unemployment. There are 175,000 people who can’t pay taxes because they’re looking for jobs, in addition to the 180,000 who have left for Australia under National’s watch.

“The worst growth rate for any Government in 50 years means businesses aren’t making enough profits to pay much tax.
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Bill English: grasping at straws on employment

Bill English is struggling under the pressure of his creaking economy that has the highest number of people out of work in 20 years, and wrongly claims the highest number of Kiwis ever are in work, says Labour’s Finance spokesperson David Parker.

“Bill English is struggling with the pressure of his stagnating economy. The facts are terrible. The highest unemployment rate since Jenny Shipley. The highest number of unemployed in 20 years. The Number of Kiwis in work down by 12,000 since March.
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