New Zealand employment data (Q3): Unemployment rate 4.9% (5.1% expected)

NZ third quarter employment data

Unemployment rate for Q3:  4.9%

• expected is 5.1%, prior was 5.1%

Employment change for Q3 q/q:  +1.4%

• expected is +0.5%, prior was +2.4%

Employment change for Q3 y/y: 6.1%

• expected is +5.4%, prior was +4.5%

Participation rate for Q3: 70.1%

• expected is 67.7%, prior was 69.7%

Average hourly earnings for Q3:  0.3%

• expected is +1.0%, prior was 0.8%

Private wages including overtime for Q3: 0.4%

• expected 0.4%, prior was 0.4%

Private wages excluding overtime for Q3: 0.4%

• expected 0.4%, prior was 0.4%

I haven"t heard the NZ economy referred to as "rock star" for quite a while. That"s a serious failing. MOAR hugely strong economic data from New Zealand here.

• Unemployment drops


• Employment growth beats


• Participation rises


• Average hourly earnings rise

New Zealand employment data (Q3): Unemployment rate 4.9% (5.1% expected)
New Zealand employment data (Q3): Unemployment rate 4.9% (5.1% expected)
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