New Zealand’s unemployment rate likely to increase by 4.3% in Q2 – Westpac

Noticias del mercado

31 julio 2019

New Zealand’s unemployment rate likely to increase by 4.3% in Q2 – Westpac

Michael Gordon, the senior economist at Westpac, expects the New Zealand’s unemployment rate to rise to 4.3% in the June quarter, reflecting the recent softening in business conditions and hiring.

“We also expect some pick-up in employment and participation after they both surprisingly fell in the previous quarter.
Given the risk of mixed signals, we recommend focusing on the unemployment rate and the QES measure of jobs growth.
Wage growth is expected to accelerate, largely due to a big increase in the minimum wage.”

European stocks closed: FTSE 100 7,586.78 -59.99 -0.78% DAX 12,189.04 +41.80 +0.34% CAC 40 5,518.90 +7.83 +0.14%

EIA’s report reveals much-bigger-than-expected drop in U.S. crude oil inventories

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