New Zealand Q2 employment report favors NZD/USD bears – by anilpanchal7 NewZealand Employment Macroeconomics NZDUSD NewsTrading
The quarterly report on New Zealand's Unemployment Rate and Employment Change is being released by The Unemployment Rate is the number of unemployed workers divided by the total civilian labor force. If the rate is up, it indicates a lack of expansion within the New Zealand labor market. As a result, a rise leads to weaken the New Zealand economy. A decrease of the figure is seen as positive for the NZD, while an increase is seen as negative .
On the other hand, Employment Change is a measure of the change in the number of employed people in New Zealand. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. A high reading is seen as positive for the NZ dollar, while a low reading is seen as negative .Information on these pages contains forward-looking statements that involve risks and uncertainties.
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