INDEPENDENT NEWS

The NZ Employment numbers for Q2 have just been released

Published: Wed 5 Aug 2015 11:26 AM
The NZ Employment numbers for Q2 have just been released.
They came in slightly worse than expected overall.
NZ Employment data for Q2 was:
- Employment (Q/Q) 0.3% (consensus +0.5%)
- Employment (Y/Y) 3.0% (consensus +3.4%)
- Unemployment Rate 5.9% (consensus 5.9%)
- Participation Rate 69.3% (consensus 69.6%)
In addition, Private Ordinary Time Wages were +0.5%/+1.8% (Q/Y), which are both as expected.
The NZD is lower in immediate response.
Current indicative levels are:
NZD-USD 0.6515 / 0.6540
NZD-AUD 0.8840 / 0.8865
NZD-EUR 0.5985 / 0.6010
NZD-GBP 0.4185 / 0.4210
NZD-JPY 81.05 / 81.30
The highly influential US non-farm payroll employments numbers will be released Friday night.
ENDS
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