NZ economy growing with vigour
Happy new year to everyone in the South Waikato.
It was great to make the most of the summer weather with my family and I hope you were able to do the same.
I’m excited to be at the start of another year where we are able to seize the many opportunities that are available to work towards more jobs and higher wages for all New Zealanders.
I think we are beginning 2015 in good shape.
The economy is in its fifth year of expansion and economic growth is expected be better than that in the Euro area, United States, United Kingdom, Japan, and Canada.
Employment is growing, with 72,000 more people employed than a year ago, and an additional 153,000 people are expected to be in work by mid2019.
The average full-time wage is expected to rise by $ 8000 to around $ 64,000 by mid- 2019. Unemployment, currently down to 5.4 per cent, is expected to fall to 4.5 per cent by 2018.
We are working hard for you, working towards stable, sustainable growth over the long term to support New Zealanders and their families.
We’ll continue to do this by spending taxpayers’ money wisely and responsibly managing the country’s finances – just like you’d expect us to.
We’ll continue to build a more competitive and productive econ- omy because that’s the best way to create more jobs and increase your wages.
We’ll continue to work at delivering better public services. These include lifting educational achievement and upskilling our workforce, providing better and more convenient healthcare, getting more people off welfare and into work, supporting the vulnerable, and making our communities safer.
I’m sure you’ll agree that New Zealand is a remarkable country and there are many opportunities for us all.
After a refreshing break with family and friends I’m looking forward to getting stuck in and continuing to build the brighter future our community and all New Zealanders deserve.
I’m looking forward to seeing you around the South Waikato community very soon.
Louise Upston, Taupo/Turangi MP