Unemployment in New Zealand

New Zealand Unemployment | Economic News & Forecasts

New Zealand - Unemployment

Unemployment ticks down in Q1

The seasonally-adjusted unemployment rate edged down to 4.2%, from Q3’s 4.3%, as had been expected by market analysts. The downturn reflected lower growth in the number of unemployed people, especially among men, as a share of growth in the labor force.

In addition, the underutilization rate—which includes both unemployment and underemployment—decreased from 12.1% in Q4 to 11.3% in Q1, pointing to a fall in the labor market’s untapped capacity. Meanwhile, private sector wages rose 0.3% in Q1 on a quarter-on-quarter basis, below Q4’s 0.5% increase. All told, wage pressures are starting to build, albeit at a gradual pace.

FocusEconomics Consensus Forecast panelists expect the unemployment rate to average 4.3% in 2019, which is unchanged from last month’s forecast, and also 4.3% in 2020.

New Zealand - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate-     -     -     -     -     

Sample Report

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


New Zealand Unemployment Chart

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

New Zealand Facts

Bond Yield1.561.20 %Jul 11
Exchange Rate0.67-1.69 %Jul 11
Stock Market4,6590.11 %Jul 11

Sample Report

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


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