New Zealand employment report for the January to March quarter of 2021
Plenty of beats in the data! More jobs added than expected, jobless rate lower despite a rising participation rate. Strong report.
Unemployment rate 4.7%
expected 4.9%, prior 4.9%
Employment change 0.6% q/q
expected 0.3% q/q, prior 0.6%
Employment change 0.3% y/y
expected -0.1% y/y, prior 0.7%
Participation rate 70.4%
expected 70.3%, prior 70.2%
Private wages excluding overtime 0.4% q/q
expected 0.3% q/q, prior 0.5%
Private wages including overtime 0.4% q/q
expected 0.4% q/q, prior 0.5%
Average hourly earnings% q/q
expected 0.7% q/q, prior 1.1%
more to come