Breaking: The New Zealand jobs send the kiwi on the march

FXStreet Team FXStreet

NZD/USD has popped to print some 0.5% higher on the day following recent data.

The New Zealand jobs data has arrived as folllows:

The Unemployment Rate (Q1): 4.7% (est 4.9%, prev 4.9%); NZ Employment Change (YoY) Q1: 0.3% (est -0.1%, prev 0.7%)%); NZ Employment Change (YoY) Q1: 0.3% (est -0.1%, prev 0.7%); - NZ Participation Rate (Q1): 70.4% (est 70.3%, prev 70.2%).

NZD/USD reaction

Description of the Unemployment Rate

The Unemployment Rate released by the Statistics New Zealand is the number of unemployed workers divided by the total civilian labor force.

If the rate is up, it indicates a lack of expansion within the New Zealand labor market.

As a result, a rise leads to weaken the New Zealand economy.

A decrease of the figure is seen as positive (or bullish) for the NZD, while an increase is seen as negative (or bearish).

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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