2245 GMT New Zealand jobs report for Q1 2020

Q1 will only begin to capture the virus outbreak damage on employment

  • Unemployment rate expected 4.4%, prior 4.0%
  • Employment change expected -0.2% q/q, prior 0.0%
  • Employment change expected 0.7% y/y, prior 1.0%
  • Participation rate expected 70.0%, prior 70.1%
  • Private wages excluding overtime expected 0.5% q/q, prior 0.6%
  • Private wages including overtime expected 0.5% q/q, prior 0.6%
  • Average hourly earnings expected 0.9% q/q, prior 0.1%

0130GMT Australia Retail Sales for March, and also Q1

  • expected 8.0% m/m, prior 0.5% - the huge jump reflects the huge jump in buying behaviour by consumers in the early stage of Australia's lockdown