An estimated 3.1 million people in New Zealand will be out of work by the end of the year due to the economic downturn.
The latest forecast for the country’s jobless rate puts New Zealand’s unemployment rate at a record-high 7.9 per cent.
The New Zealand Labor Party’s unemployment policy, which has been in place since January, has been widely criticised for creating a culture of fear, particularly among young people.
A study last year found that over 80 per cent of young people were not looking for work, with some having no intention of finding a job in the first place.
The Government has promised a new job guarantee to help youth.
Mr Key has previously said the Government will guarantee all youth a job if they are not working.
But he says it will be up to them to get on the job market.
What you need to know about unemployment: