NZ Unemployment Rate beats, but disappointments elsewhere hamsting NZD By ross_burland NewZealand NZDUSD
The key quarterly labour market data roundup for New Zealand has been released as follows.
''And that’s only going to reinforce the upwards trend in domestic inflation pressures. Inflation is a challenge for household budgets –and it’s particularly hard for lower-income households, for whom essential spending on food, shelter, and transport takes up the bulk of their disposable income. Real wages were likely still falling in Q4 –putting further cash-flow pressure on households, who now need to work longer to be able to afford the same standard of living as one year ago.
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