New Zealand Q3 unemployment rate 3.3% (vs. 3.2% expected)

New Zealand jobs report for Q3 2022

• the jobless rate is stable despite the jump in participation
• employment is up

Note wage growth (boxed in the pic below) is down q/q and is in line with estimates. The Reserve Bank of New Zealand will be aware of this and will see it as an input for their next policy decision (due November 23) - it take some pressure off for a 50bp rate hike, at the margin. Its not the only input of course.

NZD NZD The New Zealand Dollar (NZD) is the official currency of New Zealand and the tenth most traded currency in the world. Also referred to as the Kiwi, the currency is also utilized in several Pacific islands, including Tokelau, the Cook Islands, Pitcairn islands, and Niue.The NZD’s history is long, extending back to 1934 with the creation of the Reserve Bank of New Zealand. While far from the most traded currency in the global forex market, the NZD has a key role nonetheless.The NZD is considered a The New Zealand Dollar (NZD) is the official currency of New Zealand and the tenth most traded currency in the world. Also referred to as the Kiwi, the currency is also utilized in several Pacific islands, including Tokelau, the Cook Islands, Pitcairn islands, and Niue.The NZD’s history is long, extending back to 1934 with the creation of the Reserve Bank of New Zealand. While far from the most traded currency in the global forex market, the NZD has a key role nonetheless.The NZD is considered a Read this Term is very slightly higher, not a lot in it though.