New Zealand’s Q1 Employment Change 0.8% qtr/qtr (expected 0.4%; last 0.2%), Q1 Unemployment Rate 3.4% (expected 3.5%; last 3.4%), and Q1 Participation Rate 72.0% (expected 71.7%; last 71.7%).
Q1 Labor Cost Index 0.9% qtr/qtr (expected 1.0%; last 1.1%); 4.5% yr/yr (expected 4.6%; last 4.3%)
Reserve Bank of New Zealand Deputy Governor Hawkesby said that the Kiwi labor market remains strong after the release of solid Q1 employment figures.