Employment data for Q1 due from New Zealand:

Unemployment rate for Q1: 5.8% BIG MISS on estimates! - NZD/USD marked lower immediately and just above 0.75 as I update

  • expected 5.5%, prior was 5.8% also - revised from 5.7%

Employment change for Q1 q/q: +0.7%

  • expected +0.8%, prior was +1.2%

Employment change for Q1 y/y: 3.2%

  • expected +3.3%, prior was +3.5%

Participation rate for Q1: 69.6 %

  • expected 69.4%, prior was 69.7%

Private wages including overtime for Q1: +0.3% (+1.8% y/y v. +2 expected)

  • expected 0.4%, prior was 0.5%

Private wages excluding overtime for Q1: +0.3%

  • expected 0.4%, prior was 0.5%

Average hourly earnings: +0.2% q/q

  • expected +0.9% and prior was +0.4%