Against expectations, New Zealand's unemployment rate has risen slightly.
The rate was sitting at 6.7 percent, and was expected to drop to 6.5 percent, but has instead risen to 6.8 percent.
One of the key reasons is the Christchurch rebuild is lagging, meaning there have not been as many jobs as expected. The global economy is another significant factor.
On the housing front, there have been large increases in house prices in some parts of the country.
The Reserve Bank will take both unemployment and housing prices into consideration when reviewing interest rates.
Watch the video for the wrap by Business Editor Michael Wilson