Jobs report from New Zealand for the April to June quarter of 2019.

Unemployment rate: 3.9% HUGE BEAT!!!

  • expected 4.3%, prior was 4.2%

Employment change 0.8% q/q ditto - huge beat

  • expected 0.3%, prior was -0.2%

Employment change 1.7% y/y ….. ditto beat

  • expected 1.2%, prior was 1.5%

Participation rate 70.4%

  • expected 70.4%, prior was 70.4%

Average hourly earnings 0.8% ..... ditto beat

  • expected 0.5%, prior was 1.1%

Private wages including overtime 0.8% ..... ditto beat

  • expected 0.7%, prior was 0.3%

Private wages excluding overtime 1.1% ..... ditto beat

  • expected 0.7%, prior was 0.3%

NZD jumps