NZ First Impressions: Labour Market Update, June Quarter 2023

<p>Employment growth was strong, but with a large number of new entrants to the labour force, unemployment still rose to 3.6%. Wage growth has remained strong, but fell short of market forecasts. Unemployment rate: 3.6% (prev: 3.4%, Westpac f/c: 3.5%) Employment change: +1.0% (prev: +1.1%, f/c: +0.8%) Labour costs (private, ordinary time): +1.1% (prev; 0.9%, f/c: 1.3%) Average […]</p>
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