New Zealand Unemployment Rate comes in at 3.9% in Q3 versus 3.6% prior
Posted At: 2023-11-01 09:00
The New Zealand Unemployment Rate in the third quarter (Q3) climbed to 3.9% from 3.6% in the second quarter, according to data published by Statistics New Zealand on Wednesday. The market consensus was a 3.9% print in the reported period.
Additionally, the Employment Change dropped to 0.2% in the third quarter from a 1% rise in the previous reading. This figure came in worse than the expectation of a 0.4% rise.
Market reaction
Following the key New Zealand (NZ) Q3 employment report, the NZD/USD pair is trading lower on the day at 0.5809, as of writing.