{"id":48536,"date":"2025-08-06T19:05:16","date_gmt":"2025-08-06T19:05:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/48536\/"},"modified":"2025-08-06T19:05:16","modified_gmt":"2025-08-06T19:05:16","slug":"new-zealands-labour-market-a-new-reason-to-pause-the-rbnzs-rate-cuts","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/48536\/","title":{"rendered":"New Zealand\u2019s Labour Market \u2013 A New Reason to Pause the RBNZ\u2019s Rate Cuts"},"content":{"rendered":"<p>The  was able to swim against the tide on Wednesday, strengthening against the  more than its other competitors on positive labour market statistics. NZD\/USD has gained 0.6% since the start of the day to 0.5930, hitting a weekly high.<br \/><img decoding=\"async\" title=\"NZ Employment Changes\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/08\/b65ae27ff416178e8fdbc591beec8a0c.jpg\" alt=\"NZ Employment Changes\" align=\"bottom\" border=\"0\"\/><\/p>\n<p>In the second quarter, the number of people employed fell by 0.9% compared to the same period a year earlier, but this data was in line with average forecasts. At the same time, the  was better than expected, rising from 5.1% to 5.2%, while 5.3% was expected. Salaries rose 0.6% for the quarter and were 2.2% higher than a year earlier \u2014 quite healthy figures above forecasts.<\/p>\n<p>There is hope that the labour market is seeing a reversal in wage growth compared to the 0.4% increase in the first three months of the year. This looks like the first signs of the economy\u2019s response to the cycle of policy easing that began a year ago. During this time, the RBNZ cut its key rate by two percentage points to 3.25%.<\/p>\n<p>Labour market indicators complement  statistics, which show an acceleration from 2.2% at the end of last year to 2.7% year-on-year at the end of the second quarter. Such an acceleration could be a strong argument in favour of at least pausing the rate cuts at the next meeting on August 20.<\/p>\n<p>The FxPro Analyst Team<\/p>\n","protected":false},"excerpt":{"rendered":"The was able to swim against the tide on Wednesday, strengthening against the more than its other competitors&hellip;\n","protected":false},"author":2,"featured_media":3356,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,63,99,171],"class_list":{"0":"post-48536","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-markets"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/48536","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=48536"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/48536\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/3356"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=48536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=48536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=48536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}