New Zealand labor market stagnates, unemployment rate rises to 5.3%

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New Zealand’s labor market showed further signs of softening in the Q3, with total employment flat at 0.0% qoq, missing expectations for a small 0.1% qoq rise. On an annual basis, employment fell -0.6% yoy. Unemployment rate ticked up from 5.2% to 5.3%, in line with forecasts, extending a full year of readings above 5%. […]The post New Zealand labor market stagnates, unemployment rate rises to 5.3% appeared first on Action Forex.