The New Zealand labour market is softening, but government pay agreements have continued to hold up overall wage growth. Unemployment rate: 4.3% (prev: 4.0%, Westpac f/c: 4.2%, RBNZ f/c 4.2%) Employment change (quarterly): -0.2% (prev: +0.4%, Westpac f/c: +0.4%, RBNZ f/c +0.1%) Labour costs (private sector, quarterly): +0.8% (prev: +1.0%, Westpac f/c: +0.7%, RBNZ f/c […]
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