According to Jinshi Data, Goldman Sachs said in a report that the labor markets in Australia and New Zealand are weak and the unemployment rate will continue to rise. It is expected that by the end of 2024, Australia's unemployment rate will rise from 4.1% to 4.6%, and New Zealand's unemployment rate will rise from 4.3% to 5.6% by mid-2025. Goldman Sachs expects the Reserve Bank of Australia to start an easing cycle in February, and the Reserve Bank of New Zealand will cut interest rates twice in 2024 and seven times in 2025.