Employment Change

Statistics New Zealand releases employment data on a quarterly basis. The statistics shed a light on New Zealand’s labor market, including unemployment and employment rates, demand for labor and changes in wages and salaries. These employment indicators tend to have an impact on the country’s inflation and Reserve Bank of New Zealand’s (RBNZ) interest rate decision, eventually affecting the NZD. A better-than-expected print could turn out to be NZD bullish.

Most recent - Tuesday 30 April 2024 22:45

Previous
0.4%
Revised
-
Forecast
0.3%
Actual
-0.2%

Lower numbers than forecast tend to be bullish for xxx/NZD pairs and bearish for NZD/xxx pairs.

Trading range

Forecast history

The most recent announced value for Employment Change was -0.2% against a forecast of 0.3%.

Past events

Date
Forecast
Actual
Tuesday 30 April 2024 22:45
0.3%
-0.2%
Tuesday 6 February 2024 21:45
0.3%
0.4%
Tuesday 31 October 2023 21:45
0.4%
-0.2%
Tuesday 1 August 2023 22:45
0.5%
1%
Tuesday 2 May 2023 22:45
0.4%
0.8%
Tuesday 31 January 2023 21:45
0.3%
0.2%
Tuesday 1 November 2022 21:45
0.5%
1.3%
Tuesday 2 August 2022 22:45
0.4%
0%
Tuesday 3 May 2022 22:45
0.1%
0.1%
Tuesday 1 February 2022 21:45
0.3%
0.1%
Tuesday 2 November 2021 21:45
0.4%
2%
Tuesday 3 August 2021 22:45
0.7%
1%

Economic context

Other recent announcements which may affect the market's interpretation of the next Employment Change result:

PreviousLatest
Gross Domestic Product (QoQ)Bullish change-0.1%0.2%
Westpac Consumer SurveyBearish change93.282.2
Business NZ PSIBearish change46.643
Business NZ PMIBearish change48.847.2

About Employment Change

Country:New Zealand
Currency:NZD
Source:Stats NZ
Category:Labor Market
Frequency:Quarterly
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