Official jobs data from NZ is quarterly
Unemployment rate 5.3%
expected 5.3%, prior 4.0%
Employment change -0.8% q/q
expected -0.7% q/q, prior -0.3%
Employment change +0.2% y/y
expected 0.2% y/y, prior 1.2%
Participation rate 70.1%
expected 70.0%, prior 69.9%
Private wages excluding overtime 0.4% q/q
expected 0.2 %q/q, prior 0.2%
Private wages including overtime 0.4% q/q
expected 0.3% q/q, prior 0.2%
Average hourly earnings 1.4% y/y
expected 0.3% q/q, prior 0.4%
If NZ can hold the jobless rate around the level;l reported today it'll be a good result for the country.
