New Zealand Unemployment Q3 2022

New Zealand

New Zealand: Unemployment rate stable in Q3

November 8, 2022

The seasonally-adjusted unemployment rate remained stable at Q2’s 3.3% in Q3.

Meanwhile, the underutilization rate—which includes both unemployment and underemployment—inched down to 9.0% in Q3 from 9.2% in Q2.

FocusEconomics panelists expect the unemployment rate to average 3.3% in 2023, which is unchanged from last month’s forecast, and 3.6% in 2024.


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