Sunday, August 15, 2010

Unemployment rises in New Zealand

"New Zealand’s unemployment rate climbed by more than economists forecast in the second quarter, driving down the currency and adding to the case for the central bank to pause interest-rate increases later this year," Bloomberg reported on August 5, 2010. "The jobless rate rose to a seasonally adjusted 6.8 percent from 6 percent three months earlier, Statistics New Zealand said in Wellington today. That exceeded the 6.2 percent median estimate in a Bloomberg News survey of 11 economists."

The above cartoon is fromThe Dominion Post of July 19, 2010. Prime Minister John Key addresses the National Party conference while Finance Minister Bill English fumbles with papers in the background.

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