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MNI BRIEF: New Zealand's Filled Jobs Rise 0.4% In Sep

MNI (PERTH)
MNI (Perth)

The Reserve Bank of New Zealand has received more evidence of ongoing strength in the domestic labour market as filled jobs rose for a sixth consecutive month, climbing 0.4% in September, according to data released by StatsNZ on Friday.

Filled jobs rose 8,173 to 2.32 million filled jobs in September, with service industries up 0.5% (7,906 jobs) and goods-producing industries up 0.3% (1,532 jobs). Primary industries fell 1.1% or 1,217 jobs.

The RBNZ is set to consider a 75bp rate hike when its meets on November 23. Governor Adrian Orr said earlier in the week that the "robustness" of the labour market was of "critical importance" to financial stability as interest rates rise. (See MNI BRIEF: RBNZ's Orr Warns Of Stress Risk As Rates Rise).

Robert covers RBA and RBNZ policy and the economy for MNI in Australia.
True
Robert covers RBA and RBNZ policy and the economy for MNI in Australia.
True

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