New Zealand 1Q Employment Change increase to 1.7% vs -1%

The New Zealand labour market continues on a very healthy state, as shown by the latest data from the statistics bureau in the country, where employment change in Q1 rose by +1.7% vs 0.8% expected and -1.0% prior. The unemployment rate also had a significant reduction from to 6.2% vs 6.8% expected and 6.9% last, that is a 0.6 bp deviation.