Unemployment in New Zealand
The unemployment rate averaged 4.7% in the decade to 2022 in New Zealand. The unemployment rate in 2022 was 3.3%. For more unemployment information, visit our dedicated page.
New Zealand Unemployment Chart
New Zealand Unemployment Data
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Unemployment (% of active population, aop) | 4.1 | 4.6 | 3.8 | 3.3 | 3.7 |
Unemployment rate rises in Q1
The seasonally-adjusted unemployment rate rose to 4.3% in Q1 2024 from 4.0% in Q4 2023. Meanwhile, the employment rate fell to 68.4% in Q1 from 69.0% in Q4, while the underutilization rate—which includes both unemployment and underemployment—increased to 11.2% in Q1 from 10.7% in Q4.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects New Zealand unemployment projections for the next ten years from a panel of 12 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable unemployment forecast available for New Zealand unemployment.
Download one of our sample reports to visualize what a Consensus Forecast is and see our New Zealand unemployment projections.
Want to get access to the full dataset of New Zealand unemployment forecasts? Send an email to info@focus-economics.com.
Latest Global Unemployment News
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The seasonally adjusted unemployment rate edged down to 6.4% in July from June’s 6.5%. As for the Eurozone’s largest economies,...
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Greece: Unemployment rate rises in July
July’s data sent negative signals regarding the health of the labor market. The seasonally adjusted unemployment rate rose to 9.9%... -
Australia: Unemployment rate rises in July
The seasonally adjusted unemployment rate ticked up to 4.2% in July from June’s 4.1% reading, surprising markets on the upside.... -
New Zealand: Unemployment rate rises in Q2
The seasonally-adjusted unemployment rate rose to 4.6% in Q2 2024 from 4.4% in Q1 2024. Over the same time period,... -
United States: Job gains disappoint in July
Total non-farm payrolls grew by 114,000 in July, down from June’s downwardly revised 179,000 and undershooting market expectations. Moreover, the... -
Euro Area: Unemployment rate increases in June
The seasonally adjusted unemployment rate ticked up to 6.5% in June from May’s 6.4%. As for the Eurozone’s largest economies,... -
Greece: Unemployment rate falls in June
June’s data sent positive signals regarding the health of the labor market. The seasonally adjusted unemployment rate fell to 9.6%...