Forget about showing us the money Mr Key, show us the jobs
Jobless stats show confidence in economy returning - Key
Prime Minister John Key has reacted to unemployment figures released this morning, saying more people are seeking work, and "confidence is coming back".
The figures showed the jobless rate unexpectedly rose in the third quarter, with little evidence the start of the Rugby World Cup drove an increase in casual workers to service the wave of tourists.
The unemployment rate rose to 6.6 per cent in the three months ended September 30 from 6.5 per cent in the June quarter, according to Statistics New Zealand's Household Labour Force Survey.
I'm sorry - WHAT? Unemployment rising shows confidence in the economy is rising? Has John Key broken into Don Brash's personal stash? This unemployment rate jumped during the RWC, which was sold in the Budget as one of the main pillars of economic growth this year. The fact unemployment increased when we were supposed to be flush with cash is the last canary in the mine pointing out that our economy is in deep trouble.
This throws the Treasury predictions of a 2.6% GDP increase out the window and makes Paula Bennett's desire to force beneficiaries back to work look ridiculous if there isn't any work available!
So let's forget this 'show me the money' quip Mr Key, show us the jobs.