Home New Zealand Unemployment Rate in line with expecations Q3, 5.3% vs prev 4.0%

New Zealand Unemployment Rate in line with expecations Q3, 5.3% vs prev 4.0%

Updated: 3 Nov. 2020 | 22:52

NZ Unemployment Rate Q3: 5.3% (est 5.3%; prev 4.0%).

The kiwi is pressured by a handful of pips.

Key notes

NZ Average Hourly Earnings (Q/Q) Q3: 1.4% (est 0.3%; prev 0.4%) NZ Employment Change (Q/Q) Q3: -0.8% (est -0.7%; prevR -0.3%) NZ Employment Change (Y/Y) Q3: 0.2% (est 0.2%; prevR 1.5%).

NZ Participation Rate Q3: 70.1% (est 70.0%; prevR 69.9%) NZ Unemployment Rate Q3: 5.3% (est 5.3%; prev 4.0%).

NZ Private Wages Ex-Overtime (Q/Q) Q3: 0.4% (est 0.2%; prev 0.2%) NZ Private Wages Incl. Overtime (Q/Q) Q3: 0.4% (est 0.3%; prev 0.2%).

More to come…

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