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QoQ Change in Quarterly Employment in New Zealand

Country:
NZDNew Zealand
Importance:
★★
Data Trends
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ForecastActualDeviation
Market Impact of Economic Indicator Releases
To understand the market impact of economic indicator releases, this metric represents the relative price change over a specific period following the release.
Formula: (Close price N minutes after the release - Open price at the time of the release) / Open price at the time of the release
DateRelated Instruments Price Volatility
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About QoQ Change in Quarterly Employment in New Zealand

The quarter-over-quarter (QoQ) employment figures indicate the change in the number of employed persons in New Zealand compared to the previous quarter. This data is released quarterly by Statistics New Zealand and is crucial for evaluating short-term labor market trends.

QoQ data helps to understand the short-term fluctuations in the labor market. If the number of employed persons is increasing, it indicates economic expansion and active hiring by companies. Conversely, if the number of employed persons is decreasing, it suggests potential economic stagnation and a decline in company hiring activities.

This data serves as a critical reference for policymakers to evaluate the health of the labor market and formulate appropriate labor market and economic policies. Additionally, it provides valuable insights for businesses and investors to understand labor market trends and make economic forecasts.

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