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FXStreet (Bali) - New Zealand's unemployment rate rose to 5.9 percent during Q2 (in line with expectations), which represents a 0.1 bp increase from previous 5.8% in Q1, while job growth stood at +0.3% in Q2 vs +0.5% expected
The participation rate fell to 69.3% vs 69.6% exp and 69.6% last (record high). As per the labour cost, both the quarterly and yearly readings came as expected at 0.5% and 1.8% respectively.
According to Statistics New Zealand: "Annual employment continues its period of growth, but quarterly growth falls behind working-age population growth."
The participation rate fell to 69.3% vs 69.6% exp and 69.6% last (record high). As per the labour cost, both the quarterly and yearly readings came as expected at 0.5% and 1.8% respectively.
According to Statistics New Zealand: "Annual employment continues its period of growth, but quarterly growth falls behind working-age population growth."
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