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New Zealand Unemployment Rate decreases to 6.2% in 1Q from 6.9%

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New Zealand labour market much stronger than forecast

The New Zealand labour market continues on a very healthy state, as shown by the latest data from the statistics bureau in the country, where employment change in Q1 rose by +1.7% vs 0.8% expected and -1.0% prior. The unemployment rate also had a significant reduction from to 6.2% vs 6.8% expected and 6.9% last, that is a 0.6 bp deviation.
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