News & AnalysisCareer
Trading
Explore a wide range of markets with competitive pricing, deep liquidity, and advanced trading tools.
Learn More 
Platform
Trade seamlessly with TMGM's powerful platform, built for speed, precision, and a superior trading experience.
Learn More Trading Platform
Trading Tools
Academy
Learn the fundamentals of trading with beginner-friendly resources, including guides, webinars, and market insights.
Learn More News & Analysis
Get real-time market updates and expert analysis to stay ahead of trading opportunities
Learn More News & Analysis
About
Learn what sets TMGM apart — our global presence, regulatory strength, and commitment to innovation in trading.
Learn More Why Choose TMGM
Sponsorship
New Zealand’s Unemployment Rate rises to 5.7% in Q3, above the 5.5% forecast
New Zealand’s unemployment rate rose to 5.7% in the third quarter (Q3) of 2026, exceeding the market consensus of 5.5%. Official figures published by Statistics New Zealand on Wednesday showed an increase from 5.6% in the second quarter.
Employment Change in New Zealand also weakened, falling from 0.5% in Q2 to -0.1% in Q3, against the consensus projection of 0.4%. The New Zealand participation rate fell to 70.4% in Q3 from the previous reading of 70.7%.
New Zealand Dollar retreats following New Zealand’s employment figures
Following the employment release, the New Zealand Dollar (NZD) has come under some selling pressure. At the time of writing, the NZD/USD exchange rate stands at 0.5583, down 0.61% on the day.
Employment questions answered
As an important gauge of economic health, labour market conditions play a central role in determining currency valuations. When employment is high, or unemployment low, consumer spending and economic growth benefit, supporting the domestic currency. A particularly tight labour market, in which too few workers are available to fill vacancies, can also affect inflation and, in turn, monetary policy. Strong demand for workers combined with limited labour supply pushes wages higher.
For policymakers, the rate of pay growth across an economy is a crucial consideration. Rapid wage increases give households greater spending power, typically pushing up consumer goods prices. Unlike more volatile drivers of inflation, such as energy prices, pay rises are unlikely to be reversed. Wage growth is therefore regarded as a key contributor to underlying, persistent inflation. When setting monetary policy, central banks worldwide closely monitor wage data.
A central bank’s objectives determine how much emphasis it places on labour market conditions. Alongside inflation control, some central banks have explicit employment-related mandates. For instance, the US Federal Reserve (Fed) has a dual mandate to promote maximum employment and stable prices, whereas the European Central Bank’s (ECB) sole mandate is to keep inflation in check. Regardless of these differences, policymakers regard labour market conditions as important, both as an indicator of economic health and because of their direct link to inflation.
POPULAR ARTICLES
1US President Donald Trump describes position with Iran as brilliant2Canada’s Carney: US talks set to intensify3Gold slips below $3,950 as US Dollar strengthens, with focus on US midterm elections4Ethereum Price Forecast: ETH remains below $2,309 realised price amid US-led selling5New Zealand’s Unemployment Rate rises to 5.7% in Q3, above the 5.5% forecast6Aussie falls below 0.7000 as US election worries outweigh RBA rate hike7Kiwi weakens as New Zealand unemployment climbs to 5.7%8British Pound approaches Bank of England hike with further tightening already priced in9Chinese Yuan expected to edge lower against US Dollar – UOB
Connect With Us
Contacts
Phone: +61 2 8036 8388
Fax: +61 2 8036 8388
Email: support@tmgm.com
The information provided on this website is of a general nature only and does not constitute personal financial advice. Before acting on any information on this website, you should consider the suitability of the information in relation to your objectives, financial situation and needs. Investing in CFDs and FX Margin Contracts carries significant risks and is not suitable for all investors. You may lose more than your initial deposit. You do not own, or have, any interest in the underlying asset. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. It is important that you read and consider the disclosure document before you acquire any product listed on the website. The information and advertisements offered on this website are not intended for use by any person in any country or jurisdiction where such use would be contrary to local laws and regulations. The Products and Services offered on this website are not intended for residents of the United States, Malaysia and Thailand.
TMGM is authorized and regulated in various jurisdictions.
Trademax Australia Limited, trading as TMGM, is regulated by the Australian Securities and Investments Commission (ASIC), AFSL no. 436416 and is located at Level 28, One International Tower, 100 Barangaroo Avenue, 2000 Sydney, NSW Australia.
Email: support@tmgm.com.au
Trademax Global Limited, trading as TMGM, is authorized and regulated by the Vanuatu Financial Services Commission (VFSC), registration number 40356 and registered at 1276, Kumul Highway, Port Vila, Vanuatu, Republic of Vanuatu.
Email: support@tmgm.com
Trademax Global Markets (SE) Limited, trading as TMGM, is authorized and regulated by the Financial Services Authority (FSA) of Seychelles, with license number SD224. The company is registered at Office No 13, Providence Estate ABIS Centre, Mahe, Seychelles.
Email: support@tmgm.com
Trademax Global Markets (International) Pty Ltd, trading as TMGM, is authorized and regulated by the Financial Services Commission, Mauritius (FSC) with license no. GB22201012, and registered at 33, Edith Cavell Street C/o IQ EQ Fund Services (Mauritius) Ltd Port Louis, 11324 Mauritius.
Email: support@tmgm.com
Copyright © TMGM. All rights reserved