this post was submitted on 20 May 2024

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Another 26,000 'will be unemployed' before peak reached (www.rnz.co.nz)

submitted 6 months ago by BalpeenHammer to c/politics

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Surely all these people losing decent paying jobs will have no impact on the economy right? Definitely not a recession right?

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[–] Dave 1 points 6 months ago (1 children)

But the article doesn't say 26k public service workers, it says 26k people total. So the 26k forecast must surely include flow on impacts of the 4k+ public service jobs lost?

[–] TagMeInSkipIGotThis 2 points 6 months ago

Oh right, sorry I didn't catch that part.

I guess its hard to know - because 26k probably includes people made redundant as part of the general downturn triggered by the reserve bank.