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Breaking Posted 2 hours ago

NZ Employment Beats; Unemployment Rises to 5.6% in Q2

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New Zealand's Q2 employment grew 0.5% QoQ (est. 0.1%) and 1.2% YoY (est. 0.7%), beating forecasts, but unemployment rose to 5.6% from 5.3%, missing expectations. Wage growth accelerated: average hourly earnings +1.4% QoQ vs. +0.2% prior. Mixed data complicates RBNZ rate-cut outlook; stronger employment supports rate-hold bias, but rising unemployment may prompt easier policy. NZD/USD and antipodean pairs face competing signals.
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2 hours ago

New Zealand Q2 employment beats; jobless rate rises to 5.6%

New Zealand's Q2 employment rose 0.5% Q/Q (beat 0.1% forecast) and 1.2% Y/Y (beat 0.7%), but unemployment unexpectedly climbed to 5.6% versus 5.4% expected, with participation rate at 70.7%. Mixed signals complicate RBNZ rate-cut outlook; NZD remains vulnerable to dovish Fed repricing.

https://x.com/FirstSquawk/status/2084773826932703688
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