Satish Ranchhod, Senior Economist at Westpac, suggests that NZ’s June quarter labour market figures are likely to show that employment is continuing to rise, underpinned by firm economic activity.
“Despite rising employment, growth in the labour force means that the unemployment rate is expected to remain at 4.9%.”
“Wage inflation to remain modest.”
“Markets and the RBNZ are likely to take the data in their stride.”
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