Higher numbers than forecast tend to be bullish for NZD/xxx pairs and bearish for xxx/NZD pairs.
The most recent announced value for Unemployment Rate was 5.3% against a forecast of 5.4%.
Recent economic data has been broadly neutral for NZD. Other recent announcements which may affect the market's interpretation of the next Unemployment Rate result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Employment Change | Bearish change | 0.5% | 0.2% | ||
| Labour Cost Index (QoQ) | Bullish change | 0.4% | 0.5% | ||
| Participation Rate | Bearish change | 70.5% | 70.4% | ||
| Building Permits s.a. (MoM) | Bearish change | 2.8% | -1.3% |
| Country: | New Zealand |
|---|---|
| Currency: | NZD |
| Source: | Stats NZ |
| Category: | Labor Market |
| Frequency: | Quarterly |