NZ: 2Q labour market figures likely to show continuous rise in employment - Westpac

Sandeep Kanihama FXStreet Contributor

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.

Key Quotes

“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.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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