New Zealand employment rose 0.2% in Q4, below expectation of 0.3%. Employment rate was unchanged at 69.3%. Unemployment rate rose from 3.3% to 3.4%, above expectation of 3.3%. Participation rate was unchanged at 71.7%. Labor cost index rose 1.1% qoq, below expectation of 1.3% qoq. “The unemployment rate, as measured by the Household Labour Force […]
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