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Unemployment Rate

Statistics New Zealand releases employment data on a quarterly basis. The statistics shed a light on New Zealand’s labor market, including unemployment and employment rates, demand for labor and changes in wages and salaries. These employment indicators tend to have an impact on the country’s inflation and Reserve Bank of New Zealand’s (RBNZ) interest rate decision, eventually affecting the NZD. A better-than-expected print could turn out to be NZD bullish.

Most recent - Tuesday 2 May 2023 22:45

Previous
3.4%
Revised
-
Forecast
3.5%
Actual
3.4%

Higher numbers than forecast tend to be bullish for NZD/xxx pairs and bearish for xxx/NZD pairs.

Next event - Tuesday 1 August 2023 22:45

Previous
3.4%
Forecast
-
Actual
-

The typical/expected impact on NZD pairs is high.

There is no forecast value for Unemployment Rate yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Unemployment Rate was 3.4% against a forecast of 3.5%.

Past events

Date
Forecast
Actual
Tuesday 2 May 2023 22:45
3.5%
3.4%
Tuesday 31 January 2023 21:45
3.3%
3.4%
Tuesday 1 November 2022 21:45
3.2%
3.3%
Tuesday 2 August 2022 22:45
3.1%
3.3%
Tuesday 3 May 2022 22:45
3.2%
3.2%
Tuesday 1 February 2022 21:45
3.4%
3.2%
Tuesday 2 November 2021 21:45
3.9%
3.4%
Tuesday 3 August 2021 22:45
4.5%
4%
Tuesday 4 May 2021 22:45
4.9%
4.7%
Tuesday 2 February 2021 21:45
5.6%
4.9%
Tuesday 3 November 2020 21:45
5.4%
5.3%
Tuesday 4 August 2020 22:45
5.8%
4%

Economic context

Other recent announcements which may affect the market's interpretation of the next Unemployment Rate result:

PreviousLatest
Building Permits s.a. (MoM)Bearish change6.6%-2.6%
RBNZ Interest Rate DecisionBullish change5.25%5.5%
Retail Sales (QoQ)Bearish change-0.6%-1.4%
Retail Sales ex Autos (QoQ)Bullish change-1.6%-1.1%

About Unemployment Rate

Country:New Zealand
Currency:NZD
Source:Stats NZ
Category:Labor Market
Frequency:Quarterly
 
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