Lower numbers than forecast tend to be bullish for xxx/NZD pairs and bearish for NZD/xxx pairs.
The most recent announced value for Unemployment Rate was 4.3% against a forecast of 4.2%.
Recent economic data has been moderately bullish for NZD. Other recent announcements which may affect the market's interpretation of the next Unemployment Rate result:
Previous | Latest | ||||
---|---|---|---|---|---|
Exports | Bullish change | $6.31B | $7.16B | ||
Imports | Bullish change | $6.32B | $6.95B | ||
Trade Balance NZD (YoY) | Bullish change | $-10.22B | $-10.05B | ||
Gross Domestic Product (QoQ) | Bullish change | -0.1% | 0.2% | ||
Westpac Consumer Survey | Bearish change | 93.2 | 82.2 | ||
Business NZ PSI | Bearish change | 46.6 | 43 | ||
Business NZ PMI | Bearish change | 48.8 | 47.2 |
Country: | New Zealand |
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Currency: | NZD |
Source: | Stats NZ |
Category: | Labor Market |
Frequency: | Quarterly |