Higher numbers than forecast tend to be bullish for NZD/xxx pairs and bearish for xxx/NZD pairs.
The most recent announced value for Employment Change was 0.5% against a forecast of 0.3%.
Recent economic data has been strongly bearish for NZD. Other recent announcements which may affect the market's interpretation of the next Employment Change result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| RBNZ Interest Rate Decision | (no change) | 2.25% | 2.25% | ||
| Producer Price Index - Output (QoQ) | Bearish change | 0.6% | 0.1% | ||
| Business NZ PSI | Bearish change | 51.5 | 50.9 | ||
| RBNZ Inflation Expectations (QoQ) | Bearish change | 2.28% | 2.37% | ||
| Business NZ PMI | Bearish change | 56.1 | 55.2 |
| Country: | New Zealand |
|---|---|
| Currency: | NZD |
| Source: | Stats NZ |
| Category: | Labor Market |
| Frequency: | Quarterly |