New Zealand jobs report for Q1
Unemployment rate 3.2%
expected 3.2%, prior 3.2%
Employment change 0.1% q/q
expected 0.1% q/q, prior 0.1%
Employment change 2.9% y/y
expected +3.1%
Participation rate 70.9%
expected 71.1%, prior 71.1%
Labour cost index +0.7% q/q
- expected 0.7%, prior the same
Labour cost index +3.1% y/y
- expected 3.1%, prior 2.8%
Average Hourly Earnings 1.9% q/q
- expected 1.2%, prior 1.4%
NZD/USD barely moved on the data release:
