Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


XE Data Update - NZ Q3 Employment Data

The NZ Employment numbers for Q3 have just been released.

They came in weaker than expected overall:

NZ Employment data for Q3 was:

- Employment (Q/Q) 0.2% (consensus +0.2%)
- Employment (Y/Y) 0.9% (consensus +0.9%)
- Unemployment Rate 4.2% (consensus 4.1%)
- Participation Rate 70.4% (consensus 70.3%)

In addition, Private Ordinary Time Wages were +0.6% (+0.6% expected)

The NZD is a little lower in immediate response.

Current indicative levels are:

NZD-USD 0.6360 / 0.63985
NZD-AUD 0.9235 / 0.9260
NZD-EUR 0.5740 / 0.5765
NZD-GBP 0.49435 / 0.4960
NZD-JPY 69.40 / 69.65

The RBNZ have the OCR meeting and Monetary Policy Statement will be held on Wednesday 13th November). On balance, the market is still expecting the OCR to be cut by 0.25% (to 0.75%) at this meeting.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Consumer NZ Testing: Nine Sunscreen Brands Fail Protection Tests

Nine different brands fell short in the latest round of testing by Consumer NZ, which covered 20 products. More>>


Media: NZME 'In Discussions' To Buy Stuff

NZME confirms that it is in discussions with Stuff’s owners Nine and has put a proposal to the Government regarding a possible transaction. However, NZME notes that these discussions are preliminary... More>>

Consultation: Plan Of Action To Protect Seabirds

The draft National Plan of Action plan outlines the Government’s commitment to reducing fishing-related captures of seabirds, with clear goals and objectives, supported by an implementation plan. More>>


Housing Issues: Fairer Rules For Tenants And Landlords

The key changes include: - Limit rent increases to once every 12 months and banning the solicitation of rental bids by landlords. - Improve tenant’s security by removing a landlord’s right to use no cause terminations to end a periodic tenancy agreement... More>>