Early Edition with Ryan Bridge

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

  1. 4 h fa

    Ryan Bridge: Buckle up Luxon's going rogue

    Christopher Luxon's going rogue. The risk when making constitutional policy pronouncements 92 days out from an election, blindsiding your colleagues and diverting attention from your key messaging, is that you look erratic.  At best, voters might see this as a distraction play. They might see this as a means to regain the oxygen. But it's not something anyone's actually asking for. The top seven things' voters care about, in the latest Ipsos poll, are as follows. In order.  Inflation - 62%.Health 38%Economy 34%Housing, unemployment, poverty, petrol.  Guess what's NOT in the top 20? MMP. The twentieth line item is defence/foreign affairs/terrorism at 2%. So, two-fifths of bugger all people want him to be talking about the electoral system. It's like somebody putting Creed on the jukebox and wondering why everyone stops dancing. It's a big call. It's risky business.  The problems are two-fold.  One. It'll never happen because It's not even National's policy and even it if it was, won't get support from other parties to pass. Not being able to do what you say want to do, when you're the Prime Minister, could be seen as weakness.  Two. And most importantly. You risk pissing off your co-workers. They looked a mix of confused, bewildered and frustrated yesterday.  They've now spent an entire week walking back and explaining things their boss is saying in public. There are 2mre weeks till advance voting opens. The polling companies will be on the blower today and if there's no MMP bump, or a dip, the rogue agent may yet be put out on the cold. See omnystudio.com/listener for privacy information.

  2. 1 g fa

    Ryan Bridge: Unemployment isn't as bad as it seems

    A couple of things on the unemployment number that came out yesterday.  It looks worse than actually it is because a bunch of people decided they would start looking for work in the second quarter rather than the one before it. So, there are a bunch of reasons for this happening, but basically you don't really know. You don't know what you don't know. It's anyone's guess. It could be that people go, oh, the job market is on the up, so it's actually worth me trying to look for work now, which would be a good thing.  But also, the net rate is better than it was in March. There are a couple of reasons, a couple of good takeaways from yesterday's number. The net rate better than it was in the March quarter. That's young people, so ages 15 to 24 who are not in employment, not in education, or not in training. So you want fewer of them. It was 14.4%, it's now 13.8%. Sure, definitely room for improvement, but there is a slight improvement.  Young people who couldn't find work have gone into education to upskill, which is exactly what you want them to do at a time like this. The numbers still higher than you want, of course.  They both are actually on the whole, but with context, not as bad as they look at first glance and with some promising signs under the hood. And every economist and his dog right now will tell you, don't let this put you off. Unemployment is the lagging indicator, so it's the last one that will turn in an economic turnaround. And gee, this thing's been a titanic of a turnaround job. But there are plenty of reasons to be optimistic despite the headline number that came out yesterday.  See omnystudio.com/listener for privacy information.

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A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

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