The NZ Employment numbers for Q2 have just been released.
They came in slightly worse than expected overall.
NZ Employment data for Q2 was:
-
Employment (Q/Q) 0.3%
(consensus +0.5%)
-
Employment (Y/Y) 3.0%
(consensus +3.4%)
-
Unemployment Rate 5.9%
(consensus 5.9%)
-
Participation Rate 69.3%
(consensus 69.6%)
In addition, Private Ordinary Time Wages were +0.5%/+1.8% (Q/Y), which are both as expected.
The NZD is lower in immediate response.
Current indicative levels are:
NZD-USD 0.6515 /
0.6540
NZD-AUD 0.8840 /
0.8865
NZD-EUR 0.5985 /
0.6010
NZD-GBP 0.4185 /
0.4210
NZD-JPY 81.05 /
81.30
The highly influential US non-farm payroll employments numbers will be released Friday night.
ENDS