NZ Labour Market Preview: Forecasts from four major banks, unemployment around record low NewZealand Employment RBNZ Macroeconomics Banks
e, here are forecasts from economists and researchers at four major banks regarding the upcoming labour market data.
of labour demand have softened significantly in recent months, and we expect the RBNZ will downshift to a 50 bps OCR hike in February as signs of deteriorating domestic demand become increasingly established.”“We estimate that unemployment held steady at 3.3% for the December quarter. The tight labour market has spurred a sharp pickup in wage growth over the last year. We expect to see that continue in the latest quarter.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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