Data released by Statistics New Zealand on Wednesday showed that the unemployment rate fell to 5.10% in the second quarter of 2016. This was better than forecasts of 5.30%. Participation rate improved from 69.0% in the first quarter to 69.70% in the second quarter. The overall upbeat employment report was however questionable as Statistics New Zealand took into account the self-employed category as well, which was previously ignored in the Household Labor Force survey.
FOMC Minutes: Members Divided on Rate Hikes
Daily Analysis - 18/08/2016