NZ Q4 labor market preview: Unemployment rate expected to remain flat – ANZ

Dhwani Mehta FXStreet

The Australia and New Zealand Banking Group (ANZ) analysts provide a sneak peek at what to expect from New Zealand’s Employment data due for release next week.

Key Quotes:

“We expect the unemployment rate held steady at 4.2% in Q4, supporting a robust household sector despite the sharp slowing in economic momentum over the second half of 2019.

Annual wage inflation is expected to come in unchanged at 2.3%.

The labour market generally lags economic activity. Given the recent improvement in the domestic outlook, the RBNZ is unlikely to be too concerned if key labour market statistics deteriorate a little in Q4.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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