Jobless ‘peaking’
Unemployment will "peak” at its present level over the next month or two, says the Prime Minister (Mr Muldoon) the Press Association reports. The latest Labour Department figures show that, including those on relief work, the unemployed now total 45,638. "When the season takes up again in October, the
absolute figure will come down,” said Mr Muldoon. “This time next year it won’t be hitting this height or anything like it.” Along with the drop in unemployment, Mr Muldoon forecasts an increase in retail trade in the last quarter of this year: “Some manufacturers are already aware that they won’t be able to meet the
demands of retailers,” he said. Manufacturing had "got the message” of the increase, credit was quite easy, and more disposable income was becoming available. There would have to be care that the economy did not move into a “boom situation” but he was confident it would move to a more normal one, he said.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19780807.2.18
Bibliographic details
Press, 7 August 1978, Page 2
Word Count
161Jobless ‘peaking’ Press, 7 August 1978, Page 2
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in