So the recession continues for NZ. BNZ has just announced that they are closing their branch in Dunedin, leaving some more people unemployed. While some can shift to another branch, not all will find jobs. This is their third closure of a branch this year in the south island. I hope this isn't indicative of other banks as well.
Along with this tertiary providers are gearing up with packages to assist the recently unemployed, encouraging them to retrain. Within the same article I read this:
"According to BERL research commissioned by ITP New Zealand, there will be 46,500 to 76,400 more people unemployed or out of the labour force by March 2011. Unemployment will peak in March 2010 and people with lower skills are likely to make up 75% of the increase."
Which sorta came as a surprise to me, I was under the impression we were leveling out. Seeing this makes me hope the government is making plans to lower these stats. Sorta sad really, cause what choice do we have but to ride out this recession brought on by a few too many greedy people.
Along with this tertiary providers are gearing up with packages to assist the recently unemployed, encouraging them to retrain. Within the same article I read this:
"According to BERL research commissioned by ITP New Zealand, there will be 46,500 to 76,400 more people unemployed or out of the labour force by March 2011. Unemployment will peak in March 2010 and people with lower skills are likely to make up 75% of the increase."
Which sorta came as a surprise to me, I was under the impression we were leveling out. Seeing this makes me hope the government is making plans to lower these stats. Sorta sad really, cause what choice do we have but to ride out this recession brought on by a few too many greedy people.
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