Encouraging signs in the detail

Key highlights Unemployment increases unexpectedly to 6.6% as employment growth remains subdued. Declines in Canterbury continue to weigh on labour market, elsewhere employment continues to recover. Encouraging signs within the survey, but the RBNZ will remain focused on Eurozone developments for now.     Report prepared by: Jane Turner ASB Economist Phone: +64 9 301 5660 Fax: +64 9 302 0992