Labour Market Statistics
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Northern Ireland labour market largely recovered to pre-pandemic levels during the Autumn
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SunLive - Unemployment rate at 3 9 per cent - Stats NZ
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Today’s news should leave the RBNZ comfortable with the labour market projections made in the August Monetary Policy Statement, and thus a hike in the OCR at the 29 November meeting remains very unlikely (as reflected in market pricing). Employment growth was weaker than the RBNZ had forecast – at least at face value – and the unemployment rate rose by slightly above the 3.8% figure that the RBNZ had forecast. In addition, growth in the private sector LCI was also 0.1ppts less than the RBNZ had forecast.