Michael Gordon, Senior Economist at Westpac, expects a modest rise in New Zealand’s employment and an uptick in the unemployment rate to 4.6% in the September quarter. Key Quotes “We also expect a pickup in wage growth, partly helped by pay settlements with the Government.” “New Zealand’s labour market has become tighter over recent years, but we’re only now seeing evidence of a pickup in wage pressures.” “And there are signs of a softening in labour demand, as the economy has passed its peak rate of growth.” “We’re expecting both unemployment and wage growth to exceed the Reserve Bank’s forecasts. But there will be little time to process these results before next Thursday’s Monetary Policy Statement.” 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 RBNZ likely to leave the OCR unchanged – ANZ FX Street 4 years Michael Gordon, Senior Economist at Westpac, expects a modest rise in New Zealand's employment and an uptick in the unemployment rate to 4.6% in the September quarter. Key Quotes "We also expect a pickup in wage growth, partly helped by pay settlements with the Government." "New Zealand's labour market has become tighter over recent years, but we're only now seeing evidence of a pickup in wage pressures." "And there are signs of a softening in labour demand, as the economy has passed its peak rate of growth." "We're expecting both unemployment and wage growth to exceed the Reserve Bank's forecasts.… 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.
