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6 Aug 2014
New Zealand: More people moving into employment - NZ jobs statistics manager
FXStreet (Bali) - Following a mix NZ jobs report, labour market and households statistics manager Diane Ramsay, said the following:
“We continue to see more people move into employment and although the participation rate has dropped from a peak last quarter, it is still at an historically high level. Annual wage inflation edged up and this was driven by private sector annual wage rate growth of 1.8 percent – influenced by the minimum wage increasing 3.6 percent. Public sector annual wage rate growth was unchanged at 1.2 percent.”
“We continue to see more people move into employment and although the participation rate has dropped from a peak last quarter, it is still at an historically high level. Annual wage inflation edged up and this was driven by private sector annual wage rate growth of 1.8 percent – influenced by the minimum wage increasing 3.6 percent. Public sector annual wage rate growth was unchanged at 1.2 percent.”