Prior was 3.4%Employment change +0.1% vs +0.3% expParticipation rate 71.1% vs 71.2% expLabour cost index q/q +0.7% vs +0.9% expLabor cost index y/y +2.8% vs +2.9% expThe kiwi has dipped on this report. Wage growth slowing and the participation, the details aren’t as strong as the headline.
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