New Zealand employment Q1 2016: Largest quarterly growth since Dec 2004

Ivan Delgado Independent Analyst

Growth in NZ employment for Q1 2016 come better-than-expected, with New Zealand’s labour force growing 1.5 percent, the largest quarterly growth since December 2004, according to NZ Labour Market Statistics.

The employment change Ccame at 1.2% q/q vs 0.6% consensus and 0.9% prior, the jobless rate stood at 5.7% vs 5.5% exp and 5.3% prior, and the labour cost at 0.4% vs 0.3% vs 0.4% exp and 0.4% prior. The participation rate rose to 69% vs 68.6% exp and 68.4% prior.

According to NZ Labour Market Statistics, the employment growth exceeded population growth over the quarter, although adding that wage inflation remains subdued.

Author

Ivan Delgado

Independent Analyst

Established in the Asian continent since 2009, Ivan studied a degree in Business at the University Pompeu Fabra (Barcelona), while also earning a postgraduate degree in Business Administration.

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