- Prior was 3.4%
- Employment change +0.1% vs +0.3% exp
- Participation rate 71.1% vs 71.2% exp
- Labour cost index q/q +0.7% vs +0.9% exp
- Labor cost index y/y +2.8% vs +2.9% exp
The kiwi has dipped on this report. Wage growth slowing and the participation, the details aren't as strong as the headline.