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.
New Zealand unemployment rose to 4.3% over Q1, 10 basis points higher than expected, and up from Q4’s 4%, according to Stats NZ data released Wednesday.
The employment rate fell 0.6 percentage points over the quarter to 68.4%, while average ordinary time hourly earnings increased 5.2% in the year.
“Although wage cost inflation eased and average hourly earnings growth started to slow this quarter, annual growth remained high for the two surveys,” said Sue Chapman, business employment insights manager at Stats NZ. (See charts)
MNI reported recently the slowing economy and falling inflation lead the Reserve Bank of New Zealand to cut rates by August. (See MNI INTERVIEW: NZ Inflation Falling, Rate Cut Eyed - Ex RBNZ)
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.