Unemployment in New Zealand

New Zealand - Unemployment
Unemployment rate rose in Q2
The seasonally-adjusted unemployment rate rose to 3.3% in Q2 from Q1’s 3.2%, which had marked the lowest print since 1986.
Meanwhile, the underutilization rate—which includes both unemployment and underemployment—inched down to 9.2% in Q2 from 9.3% in Q1.
FocusEconomics panelists are still assessing the latest developments.
New Zealand - Unemployment Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Unemployment Rate | 5.4 | 5.1 | 4.7 | 4.3 | 4.1 |
New Zealand Unemployment Chart

Source: Statistics New Zealand and FocusEconomics calculations.
New Zealand Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 1.67 | 1.20 % | Dec 30 |
Exchange Rate | 0.67 | -1.69 % | Jan 01 |
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Economic News
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New Zealand: Unemployment rate rose in Q2
August 3, 2022
The seasonally-adjusted unemployment rate rose to 3.3% in Q2 from Q1’s 3.2%, which had marked the lowest print since 1986.
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New Zealand: Inflation jumps to 32-year high in Q2
July 20, 2022
Consumer prices soared 1.7% from the previous quarter in Q2, coming in slightly below Q1’s 1.8% jump.
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New Zealand: RBNZ tightens its stance again in July
July 14, 2022
At its 13 July meeting, the Reserve Bank of New Zealand (RBNZ) hiked the official cash rate to 2.50% from 2.00%, marking the sixth consecutive increase.
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New Zealand: Consumer confidence drops in June
July 13, 2022
The ANZ-Roy Morgan consumer confidence indicator fell to 80.5 in June from May’s 82.3.
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New Zealand: Business confidence plunges deeper into pessimistic terrain in June
July 13, 2022
The ANZ bank business outlook indicator fell in June.