- Employment change: +1.2% q/q (expected +0.5%, prior +0.4%)
- Employment change: +2.4% y/y (expected +1.6%, prior +0.7%)
- Unemployment rate: 6.2% (expected 6.2%, prior 6.4%)
- Participation rate: 68.6% (expected 68.0%, prior 68.0%)
- Average hourly earning +1.6% q/q expected is 1.4%, prior 0.4%
- Private wages excluding overtime: +0.4% q/q (expected 0.5%, prior 0.4%)
- Private wages including overtime: +0.4% (expected 0.5%, prior 0.5%)
Better employment data pretty much all around for New Zealand – look at that increasing participation rate (while the unemployment rate fell!) All we seem to talk about is declining labour force participation, but not in NZ.
NZD has immediately responded , up around 0.8360 as of now.
