NZ third quarter employment data
Unemployment rate for Q3: 4.9%
- expected is 5.1%, prior was 5.1%
Employment change for Q3 q/q: +1.4%
- expected is +0.5%, prior was +2.4%
Employment change for Q3 y/y: 6.1%
- expected is +5.4%, prior was +4.5%
Participation rate for Q3: 70.1%
- expected is 67.7%, prior was 69.7%
Average hourly earnings for Q3: 0.3%
- expected is +1.0%, prior was 0.8%
Private wages including overtime for Q3: 0.4%
- expected 0.4%, prior was 0.4%
Private wages excluding overtime for Q3: 0.4%
- expected 0.4%, prior was 0.4%
I haven't heard the NZ economy referred to as 'rock star' for quite a while. That's a serious failing. MOAR hugely strong economic data from New Zealand here.
- Unemployment drops
- Employment growth beats
- Participation rises
- Average hourly earnings rise
