Annette Beacher, Chief Asia-Pacific Macro Strategist at TD Securities, notes that the New Zealand economy’s September quarter unemployment rate slumped to a post-GFC low of 3.9% as employment expanded by +1.1%/q, and despite the participation rate revisiting the record high of 71.1%. Key Quotes “In 2018 to date, jobs growth has been led by Healthcare, Professional services and Retail trade, almost all in full-time.” “Wages growth is still not responding to this drum-tight labour market, rising by an as-expected +0.5%/q and +1.8%/y.” “An unchanged OCR at 1.75% tomorrow is unanimous consensus, as are expectations for upgraded GDP/CPI forecasts due to outsized upside surprises to Q2/Q3 respectively. How this translates into the Bank’s cash rate profile, however, is not so transparent.” 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 EUR/USD: Seeing bear-to-bull trend change on projections of split US Congress FX Street 4 years Annette Beacher, Chief Asia-Pacific Macro Strategist at TD Securities, notes that the New Zealand economy's September quarter unemployment rate slumped to a post-GFC low of 3.9% as employment expanded by +1.1%/q, and despite the participation rate revisiting the record high of 71.1%. Key Quotes "In 2018 to date, jobs growth has been led by Healthcare, Professional services and Retail trade, almost all in full-time." "Wages growth is still not responding to this drum-tight labour market, rising by an as-expected +0.5%/q and +1.8%/y." "An unchanged OCR at 1.75% tomorrow is unanimous consensus, as are expectations for upgraded GDP/CPI forecasts due to… 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.
