{"id":80897,"date":"2025-05-07T04:13:12","date_gmt":"2025-05-07T04:13:12","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/80897\/"},"modified":"2025-05-07T04:13:12","modified_gmt":"2025-05-07T04:13:12","slug":"nz-employment-grow-0-1-in-q1-wages-growth-cool","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/80897\/","title":{"rendered":"NZ employment grow 0.1% in Q1, wages growth cool"},"content":{"rendered":"<p>New Zealand\u2019s employment grew just 0.1% qoq as expected, while the unemployment rate held steady at 5.1%, better than forecast of 5.3%.<\/p>\n<p>However, the quality of employment deteriorated, with a notable shift from full-time to part-time roles. Over the year, full-time employment dropped by -45k while part-time roles increased by 25k.<\/p>\n<p>Participation rate edged down to 70.8% and the employment rate slipped to 67.2%, both suggesting a gradual loss in labor market momentum.<\/p>\n<p>Wage growth also moderated, with the labour cost index rising 2.9% annually, down from 3.3% in the previous quarter.<\/p>\n<p><a href=\"https:\/\/www.actionforex.com\/wp-content\/uploads\/2025\/05\/afc2025050703.png\" target=\"_blank\" rel=\"noopener\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-medium wp-image-596092\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/afc2025050703-600x283.png\" alt=\"\" width=\"600\" height=\"283\"  \/><\/a><\/p>\n<p><a href=\"https:\/\/www.stats.govt.nz\/information-releases\/labour-market-statistics-march-2025-quarter\/\" target=\"_blank\" rel=\"noopener\">Full NZ employment release here. <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"New Zealand\u2019s employment grew just 0.1% qoq as expected, while the unemployment rate held steady at 5.1%, better&hellip;\n","protected":false},"author":2,"featured_media":80898,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3092],"tags":[51,897,704,16,15],"class_list":{"0":"post-80897","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jobs","8":"tag-business","9":"tag-jobs","10":"tag-new-zealand","11":"tag-uk","12":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114464607656431480","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/80897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=80897"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/80897\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/80898"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=80897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=80897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=80897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}