NZ Labor Data Gives RBNZ Room to Stay on Hold

New Zealand’s labor market showed tentative signs of stabilization in the first quarter, with the unemployment rate unexpectedly falling from 5.4% to 5.3%, below expectations for no change. Employment rose 0.2% qoq, slightly under the expected 0.3% gain, marking modest improvement. However, the decline in unemployment was not entirely driven by stronger hiring. The labor […]

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