I hate to keep harping on about this, but more statistics are out today. 129,290 jobs were destroyed during the September 2009 quarter. Sure, there were 102,770 jobs created but this was the smallest number of jobs created during a quarter since March 2003.
The number of filled jobs declined across a number of industries over the September 2009 year, including the manufacturing; retail trade; accommodation and food services; financial and insurance services; and the rental, hiring, and real estate service industries.
I can’t help wondering how many of the 120,209 people whose jobs were destroyed (Statistics NZ’s description, not mine), are facing a bleak Christmas, made worse by receiving no redundancy pay. Sadly, we know that around 80% of workers made redundant get little notice and no redundancy compensation.