New Zealand Q2 unemployment rate 4.6% (vs. 4.7% expected)

  • New Zealand jobs report not as bad as expected

New Zealand jobs report for Q2 2024, better than expected pretty much all round.

There had been some expectations of an RBNZ rate cut at their meeting next week, August 14. At the margin this takes that expectation down a notch.

NZD/USD has been marked immediately higher (I'm posting separately on this).

NZD/USD has been marked immediately higher (I'm posting separately on this).

New Zealand jobs Q2 07 August 2024 2

more to come

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