New Zealand’s fourth quarter (Q4) employment data recently revealed mixed results. Following the outcome, analysts at Westpac considered the releases as helpful to provide a positive surprise for the Reserve Bank in terms of its two mandates: price stability and supporting maximum sustainable employment. Key quotes The December quarter labor market surveys saw a dip in the unemployment rate and a further pickup in wage growth. The details weren’t entirely positive, with weak employment growth and falling labor force participation, but there was a consistent message that the labor market is getting tight. The result was stronger than expected by the market and the Reserve Bank, with forecasts clustered around an unchanged reading. The Reserve Bank has emphasized looking at a broad range of measures of labor market tightness. But on balance they are likely to tell a similar story: the labor market is getting tight. Overall, today’s results will be a positive surprise for the Reserve Bank in terms of its two mandates: price stability and supporting maximum sustainable employment. That will leave next week’s Monetary Policy Statement attempting the strike a balance between a stronger picture of the domestic economy and the rapidly developing risks in the global environment. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK authorities make changes to the crypto-business registration fee structure FX Street 2 years New Zealand’s fourth quarter (Q4) employment data recently revealed mixed results. Following the outcome, analysts at Westpac considered the releases as helpful to provide a positive surprise for the Reserve Bank in terms of its two mandates: price stability and supporting maximum sustainable employment. Key quotes The December quarter labor market surveys saw a dip in the unemployment rate and a further pickup in wage growth. The details weren't entirely positive, with weak employment growth and falling labor force participation, but there was a consistent message that the labor market is getting tight. The result was stronger than expected by… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
