ONLY CHARTS is only available to paid subscribers.
A 7-day free trial is available below. Group discounts are available here.
Antipodean Macro’s in-depth research is available here.
1. New Zealand’s unemployment rate rose 0.2ppts to 5.1% in Q4 2024. This was in line with the RBNZ’s forecast and keeps the door wide open for another 50bp OCR cut on 19 February.
The labour underutilisation rate in New Zealand - a broader measure of labour market slack - also rose in Q4.
2. Employment fell 0.1% q/q and 1.1% y/y in Q4 in New Zealand, broadly in line with the signal from payrolls data.
Keep reading with a 7-day free trial
Subscribe to Antipodean Macro to keep reading this post and get 7 days of free access to the full post archives.