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 6 February 2024 21:45

Previous
-0.1%
Revised
-0.1%
Forecast
0.3%
Actual
0.4%

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

Trading range

Forecast history

The most recent announced value for Employment Change was 0.4% against a forecast of 0.3%.

Past events

Date
Forecast
Actual
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%
Tuesday 4 May 2021 22:45
0.2%
0.6%

Economic context

Recent economic data has been broadly neutral for NZD. Other recent announcements which may affect the market's interpretation of the next Employment Change result:

PreviousLatest
Retail Sales (QoQ)Bearish change-0.8%-1.9%
Retail Sales ex Autos (QoQ)Bearish change0.4%-1.7%
Trade Balance NZD (YoY)Bullish change$-13.62B$-12.5B
ExportsBearish change$5.85B$4.93B
ImportsBearish change$6.22B$5.91B
Producer Price Index - Output (QoQ)Bearish change0.8%0.7%
Business NZ PSIBullish change48.852.1
Business NZ PMIBullish change43.447.3
RBNZ Inflation Expectations (QoQ)Bullish change2.76%2.5%

About Employment Change

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

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