The unemployment rate rose to 4.8% in the September quarter, a smaller than expected rise due to more young people exiting the labour force. Wage growth is moderating broadly as expected. Unemployment rate: 4.8% (prev: 4.6%, Westpac f/c: 5.0%, RBNZ f/c 5.0%) Employment change (quarterly): -0.5% (prev: +0.2%, Westpac f/c: -0.6%, RBNZ f/c -0.4%) Labour costs […]
The post NZ First Impressions: Labour Market Data, September Quarter 2024 appeared first on Action Forex.
Minutes from BoJ’s September meeting reveal a careful stance on monetary policy amid global economic uncertainties. At the meeting, BoJ kept its interest rate steady at 0.25%. Regarding future direction of monetary policy, members broadly Read more…
In 2020, all hell broke loose for consumers who were relying on video games to entertain them during a time when the Covid pandemic forced a series of lockdowns. The lockdowns required people to stay Read more…
Japan’s services sector slipped into contraction in October, with PMI Services index finalized at 49.7, down from September’s 53.1 and marking its first contraction since June. PMI Composite also declined to 49.6 from 52.0, signaling Read more…