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“I was wrong about rising unemployment” – Blogger

8 November 2012 22 comments

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On 10 October, this blogger made the following prediction,

New employment figures are due out on 4 November from Statistics NZ, and this blogger predicts that unemployment will rise from 6.8% (currently) to 6.9% or even 7%.”

See previous blogpost: The betrayal of our young people

I was wrong.

I was badly wrong.

Unemployment has not risen to 6.9% or 7%,

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Full story

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The latest figure from Statistics New Zealand is a shocker. It shows with crystal clarity that National’s policies are not working and not resulting in  the jobs that National promsed us last year.

Without doubt, the litany  of redundancies is  a eye-watering list of job losses this year alone,

On top of this statistic, youth people aged 15 to 24 not in employment, education, or training (NEET),  rose from 13.1%  to 13.4%  in the June quarter. This is a specific  target demographic for National, and is another failure on their part.

National’s reliance on “market forces” to create jobs was never going to succeed. Most New Zealanders are aware of this salient reality by now. (Only the most die-hard, ideologically-blinded,  National/ACT supporters still hold to this futile, discredited dogma.)

It is time that National resigned and that a new electionwas called.

On every measure (except one), National has failed. It’s ideogical hands-off policy is not only failing to create jobs – it is hindering economic recovery.

National has to go. John Key must call a fresh election.

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Addendum

Emails sent to Dominion Post and NZ Herald,

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Date: Thursday, 8 November 2012 1:10 PM
From: Frank Macskasy
Subject: Letters to the Editor
To: Dominion Post “letters@dompost.co.nz”

The Editor
Dominon Post
Sir/madam,
News that unemployment has surged from 6.8% to 7.3% is the clearest indication yet that National’s reliance on “the market” to generate new jobs is a failure.
National has no policies  for job creation and Key’s previous promises to create 170,000 new jobs; raise wages; and stem the flow of migration to Australia has as much chance of becoming reality as me winning Lotto this Saturday.  In fact, for many people, finding a job is now not much different to winning a Lotto prize.
With these failures, John Key has few options left. He should dissolve Parliament and call for a fresh election. None of his pledges last year hold any water any more, and he should present himself and his Party to the voters for a fresh mandate.
Let the people decide whether they want to persevere with National, or abandon John Key’s blind faith in “free market” dogma and seek an alternative.
7.3% unemployment – John Key can no longer avoid taking responsibility.

-Frank Macskasy
Blogger,
“Frankly Speaking”

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Date: Thursday, 8 November 2012 1:20 PM
From: Frank Macskasy
Subject: Letters to the Editor
To: NZ Herald “letters@herald.co.nz”

Sir/Madam,
With shocking news that unemployment has skyrocketed from 6.8% to 7.3%, the question that springs to my mind is; what radical right-wing policies to beneficiary-bash the unemployed will Social Welfare Minister, Paula Bennett, be releasing to deflect the public’s attention from this apalling state of our economy?National promised us 170,000 new jobs in last year’s election campaign. Over 1,058,000 New Zealanders accepted John Key at his word, and ticket ‘National’ on their ballott paper.
Unfortunately, their faith in John Key has been misplaced – as has been National’s faith in neo-liberal ideology for “the market” to create jobs. Epic fail on every account.
I now wait for Ms Bennett to announce her latest attack on the unemployment for daring to be unemployed. Isn’t that what National does when they’re in trouble?

-Frank Macskasy
Blogger,
“Frankly Speaking”

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Date: Thursday, 8 November 2012 1:26 PM
From: Frank Macskasy
Subject: Christmas prezzie wish
To: Father Christmas   “father.christmas@northpole.com”

Father Christmas
North Pole (what’s left of it)

Dear Father Christmas,

As well as Peace on Earth and Goodwill to all Mankind, could you please add the following to my christmas prezzie list,

* an early election

Thank you.

-Frank Macskasy
Blogger,
“Frankly Speaking”

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Previous related blogposts

Unemployment; A right way and the Government way

Paula Bennett on unemployment: spin baby, spin!

Guest Author: Reactionary distractions hide NZ’s 9.1% unemployment

The betrayal of our young people

Additional

TV3: Key’s cop out on employment numbers

TVNZ: Budget 2011 – Govt predicts 170,000 new jobs

The Daily Post: Rotorua’s jobless at wits’ end

Fairfax Media: NZ economic growth ‘unspectacular’

NZ Herald: Fed-up Kiwis head to Oz en masse

Other Blogs

The Dim Post: Turns out scorn is not a growth multiplier

Tumeke: Like 7.3% of the NZ labour force, John Key isn’t working

Red Alert: National Crisis

Frogblog: Unemployment is a human rights issue

The Standard: National’s failure: 400,000 wanting work

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= fs =

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