{"id":262967,"date":"2025-11-04T23:01:09","date_gmt":"2025-11-04T23:01:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/262967\/"},"modified":"2025-11-04T23:01:09","modified_gmt":"2025-11-04T23:01:09","slug":"new-zealand-q3-unemployment-rate-rises-to-5-3-expected-5-3-prior-5-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/262967\/","title":{"rendered":"New Zealand Q3 unemployment rate rises to 5.3% (expected 5.3%, prior 5.2%)"},"content":{"rendered":"<p data-v-4026719d=\"\">New Zealand data <\/p>\n<p data-start=\"162\" data-end=\"354\" data-v-4026719d=\"\">New Zealand\u2019s labour market softened further in the September quarter, with unemployment up at 5.3%, matching expectations, as employment growth stalled and participation slipped.<\/p>\n<p data-start=\"356\" data-end=\"589\" data-v-4026719d=\"\">Seasonally adjusted employment was flat on the quarter (0.0% q\/q, poll +0.1%, -0.1% in Q2), while the participation rate edged down to 70.3% from 70.5%. The data point to a cooling jobs backdrop as slower economic growth weigh on hiring.<\/p>\n<p data-start=\"591\" data-end=\"759\" data-v-4026719d=\"\">Wage pressures showed only modest momentum, slwoing from Q2:<\/p>\n<p>private-sector hourly earnings excluding overtime rose 0.5% q\/q (poll +0.4%) and 2.1% y\/y, in line with forecasts.<\/p>\n<p data-start=\"761\" data-end=\"971\" data-v-4026719d=\"\">The results suggest the labour market remains softening but not collapsing, likely reinforcing expectations that the RBNZ will stay on policy easing path until clearer signs of better growth emerge. <\/p>\n","protected":false},"excerpt":{"rendered":"New Zealand data New Zealand\u2019s labour market softened further in the September quarter, with unemployment up at 5.3%,&hellip;\n","protected":false},"author":2,"featured_media":262968,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164,154207],"class_list":["post-262967","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy","tag-new-zealand-jobs-employment"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/262967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=262967"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/262967\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/262968"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=262967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=262967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=262967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}