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September quarter labour market data unlikely to be a game-changer for the RBNZ. Unemployment rate increases to 4.2%, wages rise to 2.4% – Interest.co.nz

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September quarter labour market data unlikely to be a game-changer for the RBNZ. Unemployment rate increases to 4.2%, wages rise to 2.4% – Interest.co.nz

The unemployment rate was bumped off its 11-year low in the September quarter, rising in line with market expectations from 3.9% to 4.2%.
Painting a rosier picture, the underutilisation rate fell to a 10-year low of 10.4%, while the labour force participatio…

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