New Zealand Employment indicators for February 2021 are unchanged y/y

From Stats NZ latest release for Employment indicators: February 2021

  • all industries – up 0.0 percent (246 jobs)
  • primary industries – down 1.6 percent (1,652 jobs)
  • goods-producing industries – up 1.1 percent (4,737 jobs)
  • service industries – up 0.2 percent (2,856 jobs).

The headline is no change, the wages data is a touch better:

  • Actual gross earnings for the February 2021 month were $11.2 billion, compared with $10.8 billion for the February 2020 month. Monthly data is variable due to payday timings.
  • In brief, gross earnings correspond to the amount paid to all employees in the reference month. 

NZD is little changed from late Friday, currently circa 0.6996

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