New Zealand jobs report for Q3
Unemployment rate 3.4%, a huge beat ... bring on those rate hikes!
expected 3.9%, prior 4.0%
Employment change +2.0% .... ditto, a huge beat
expected 0.4% q/q, prior 1.0%
Participation rate 71.2% - participation up, unemployment down .... like I said, bring on those rate hikes.
expected 70.5%, prior 70.5%
Labour cost index 0.7% q/q ... a miss
expected 0.8% q/q, prior 0.9%
Labour cost index 2.5% y/y also a miss
expected 2.6% y/y, prior 2.2% y/y
NZD adding on a few points on this strong data.
