UPDATE: NZ employment falls in third quarter, adding to case for further RBNZ rate cut

Wed, 04 Nov 2015

(Recasts to focus on monetary policy implications, adds economist comments) By Sophie Boot and Jonathan Underhill Nov. 4 (BusinessDesk) - New Zealand employment unexpectedly fell for the first time in three years in the third quarter, stoking speculation among economists that a weak labour market gives the Reserve Bank another reason to cut interest rates as soon as next month. Employment slipped 0.4 percent in the three months ended Sept. 30, for an annual gain of 1.5 percent, Statistics New Zealand said. The participation rate droppe...

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