The unemployment rate rose to 5.2% in the June quarter. This was a smaller increase than we expected, but was in line with the RBNZ’s thinking. Unemployment rate: 5.2% (prev: 5.1%, Westpac f/c: 5.3%, RBNZ f/c 5.2%) Employment change: -0.1% (prev: 0.0%, Westpac f/c: -0.3%, RBNZ f/c +0.2%) Labour costs (private sector): +0.6% (prev: +0.4%, […]
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