New Zealand - Q4 employment data. Unemployment rate for Q4: 5.2% (expected 4.8%)

Jobs report for the October to December quarter 2016 from NZ

Unemployment rate for Q4: 5.2% ... big miss!

• expected 4.8%, prior was 4.9% 

Employment change for Q4 q/q: 0.8% ... small beat!

• expected +0.7%, prior was +1.4%

Employment change for Q4 y/y: 5.8% ... miss!

• expected +6.1%, prior was +6.1%

Participation rate for Q4: 70.5 ... big jump

• expected 70.2%, prior was 70.1%


• All time high participation rate

Average hourly earnings for Q4: -0.3% ... a big miss, perhaps "tightness" in the labour market is all its said to be?

• expected +0.6%, prior was 0.3%

Private wages including overtime for Q4: 0.4% ... another miss

• expected 0.5%, prior was 0.4%

Private wages excluding overtime for Q4: 0.4% ... and another miss

• expected 0.5%, prior was 0.4%

Lots of misses in there. NZD has dropped, down 30 or so point initially ... but developing (as you"d expect!)

Stats NZ is trying to put a brave face on the results ...

• Unemployment rate rises to 5.2 percent as labour force grows

i.e. Yes, they say, unemployment is higher, but so is the participation rate. "A" for effort to Stats NZ but this data is still a bit stinky.

• "The December quarter saw a large number of people enter the labour force," labour and income statistics manager Mark Gordon said. "But while the number of people in employment has risen, so has the number of unemployed people ."This means there were more people available to work, and who had either actively sought work or had a new job to start within the next four weeks.The labour force participation rate increased 0.4 percentage points over the latest quarter, to reach an all-time high of 70.5 percent.

You might expect some issues with this data veractity due to the November earthquake ... on this Stats NZ say "No":

• Note: There is no evidence of any significant effect on the estimates due to the 14 November 2016 earthquake.
  

New Zealand - Q4 employment data. Unemployment rate for Q4: 5.2% (expected 4.8%)
New Zealand - Q4 employment data. Unemployment rate for Q4: 5.2% (expected 4.8%)
http://www.forexlive.com/feed/news
$inline_image !!! CLICK HERE TO READ MORE !!! New Zealand - Q4 employment data. Unemployment rate for Q4: 5.2% (expected 4.8%) Forex Blog | Free Forex Tips | Forex News http://www.forextutor.net/new-zealand-q4-employment-data-unemployment-rate-for-q4-5-2-expected-4-8/