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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
(MNI) Sydney
New Zealand’s unemployment rate rose 20bp to 3.6% q/q in Q2 – 0.1pp above the Reserve Bank of New Zealand’s forecast, while salary and wage rates climbed 4.3% y/y, according to data released by Stats NZ.
Employment, however, gained 1.25 y/y to 69.8% and 0.3% over the quarter, while the labour force participation rate grew 1.5% over the year, or 0.4 q/q, to 72.4%.
In its May Monetary Policy Statement, the RBNZ forecasted unemployment to rise to 4.6% by the end of the year (see chart).
Daniel covers the Reserve Bank of Australia and the Reserve Bank of New Zealand and leads the Asia-Pacific team.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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