NZ Stats surprised with rising unemployment this morning versus expected flat:
- Unemployment rate rose to 4.3 percent
- Underutilisation rate rose to 12.1 percent
- Employment rate fell to 67.8 percent
- Filled jobs rose 1.3 percent
- Average ordinary time hourly earnings rose to $31.63
- Wage rates increased 1.9 percent annually.
The NZD took a pounding dragging the AUD to the brink of the 70s once more:
Hero to zero.