The New Zealand labour market remains extremely tight. While the unemployment rate rose slightly to 3.3%, the other details point to major capacity constraints and intensifying pressure on wages. Key results Unemployment: 3.3% (Prev: 3.2%, exp: 3.1%) Employment: Flat (Prev: +0.1%, Exp: +0.4%) Wages (LCI, private, ordinary time): +1.3% (Prev: 0.7%, Exp: 1.1%) Commentary The […]
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