New Zealand employment grew 0.7% in Q1, robust before coronavirus

<p>New Zealand employment grew 0.7% in Q1, well above expectation of -0.2% decline. Unemployment rate rose just 0.2% to 4.2%, matched expectations. Participation rate rose 0.3% to 70.4%. Labor costs index rose 0.3% qoq, below expectation of 0.5% qoq. “Our surveys captured a robust labour market in the period before New Zealand went into COVID-19 […]</p>
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