HiFX Data Update - New Zealand Employment Release

Wednesday, 7 February 2018, 11:16 am
Press Release: HiFX

The NZ Employment numbers for Q4 have just been released.

They came in better than expected overall, with the unemployment rate at 9-year lows.

NZ Employment data for Q4 was:

- Employment (Q/Q) 0.5% (consensus 0.4%)
- Employment (Y/Y) 3.7% (consensus 3.6%)
- Unemployment Rate 4.5% (consensus 4.7%)
- Participation Rate 71.0% (consensus 71.0%)

Private ordinary time wages grew +0.4% in Q4 and +1.9% on the year.

The NZD is higher in immediate response.

Current indicative levels are:

NZD-USD 0.7335 / 0.7360
NZD-AUD 0.9275 / 0.9300
NZD-EUR 0.5920 / 0.5945
NZD-GBP 0.5250 / 0.5275
NZD-JPY 80.35 / 80.60

ends

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