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 4.8% against a forecast of 5%.
Recent economic data has been strongly bearish for NZD. Other recent announcements which may affect the market's interpretation of the next Unemployment Rate result:
Previous | Latest | ||||
---|---|---|---|---|---|
RBNZ Inflation Expectations (QoQ) | Bearish change | 2.03% | 2.12% | ||
Employment Change | Bearish change | 0.4% | -0.5% | ||
Labour Cost Index (QoQ) | Bearish change | 0.9% | 0.6% | ||
Participation Rate | Bearish change | 71.7% | 71.2% | ||
Building Permits s.a. (MoM) | Bullish change | -5.2% | 2.6% |
Country: | New Zealand |
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Currency: | NZD |
Source: | Stats NZ |
Category: | Labor Market |
Frequency: | Quarterly |