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0800 803 804
The devil is in the detail
Key highlights
NZ labour market soft over December quarter, with employment growth subdued and hours worked down.
Sharp fall in unemployment rate misleading, as decline due to surprising fall in labour-force participation.
Recovery in NZ labour market to remain gradual, no urgency for OCR increases over 2012.
Report prepared by:
Jane Turner
ASB Economist
Phone: +64 9 301 5660
Fax: +64 9 302 0992
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