I was reading an article about how our job growth is so strong, and it got me interested in how does it compare to previous years.
Each bar shows the change in the number of people in employment in New Zealand over the calendar year, seasonally adjusted. So basically how many jobs were created or lost.
Since recovering from the Global Financial Crisis, the job growth has been pretty incredible. In the last four years we have had two years with 60,000 job growth and last year there were almost 110,000 net new jobs created.
This is why we can afford tax cuts, can afford record extra spending in health and education, can afford to spend more on infrastructure. The more people in employment, the more tax gets paid and more spending by families. We are fortunate to be one of the very few countries in the world with a record like this. Most are not even back into surplus.