Unemployment in New Zealand

New Zealand Unemployment | Economic News & Forecasts

New Zealand - Unemployment

Unemployment drops in Q4

The seasonally-adjusted unemployment rate fell to 4.9% in Q4 from 5.3% in the previous quarter, which had marked the highest print since Q4 2016.

Meanwhile, the underutilization rate—which includes both unemployment and underemployment—fell to 11.9% in Q4 from 13.2% in Q3, which had marked the highest reading since Q1 2016, and therefore signaled some reduction in the labor market’s untapped capacity.

FocusEconomics panelists expect the unemployment rate to average 6.2% in 2021, which is unchanged from last month’s forecast, and 5.4% in 2022.

New Zealand - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate5.4  5.1  4.7  4.3  4.1  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

New Zealand Unemployment Chart


New Zealand Unemployment
Note: Unemployment in % of active population.
Source: Statistics New Zealand and FocusEconomics calculations.

New Zealand Facts

Value Change Date
Bond Yield1.671.20 %Dec 30
Exchange Rate0.67-1.69 %Jan 01

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form