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Economic Note 
Wage inflation remains steady
Monday, 04 August 2008
  • The Q2 private sector all-wage LCI increased 0.8% qoq (as expected), and 3.4% yoy
  • The QES jobs measures suggest employment was fairly flat after Q1’s sharp decline
  • We expect Thursday’s HLFS data to show flat employment and a 3.9% unemployment rate.

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Report Prepared by:
Jane Turner
ASB Economist
Phone: (649) 374 8185
Facsimile: (649) 302 0992





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