20 Mar 2015
New Zealand’s unemployment rate to ease modestly – ANZ
FXStreet (Barcelona) - Senior Economist at ANZ, Sharon Zollner, reviews the NZ job advertising data and further comments on the labour market.
Key Quotes
“Job advertising data suggests steady demand for labour continues.“
“Total job advertising lifted 0.7% in February (seasonally adjusted). The month trend in the index is modestly upward, with ads up 1.4% on a 3- month average quarterly change measure, and 7.8% y/y.”
“National labour supply has been broadly keeping pace with labour demand thanks to high migration and increasing labour force participation.”
“We expect the unemployment rate to ease only modestly from current levels (5.7%) over the coming year.”
Key Quotes
“Job advertising data suggests steady demand for labour continues.“
“Total job advertising lifted 0.7% in February (seasonally adjusted). The month trend in the index is modestly upward, with ads up 1.4% on a 3- month average quarterly change measure, and 7.8% y/y.”
“National labour supply has been broadly keeping pace with labour demand thanks to high migration and increasing labour force participation.”
“We expect the unemployment rate to ease only modestly from current levels (5.7%) over the coming year.”