Unemployment in New Zealand
New Zealand - Unemployment
Unemployment rate stable in Q3
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.
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: Consumer confidence stable in October
November 9, 2022
The ANZ-Roy Morgan consumer confidence indicator remained unchanged at September’s 85.4 in October.
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New Zealand: Business confidence falls in October
November 9, 2022
The ANZ bank business outlook indicator fell in October.
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New Zealand: Unemployment rate stable in Q3
November 8, 2022
The seasonally-adjusted unemployment rate remained stable at Q2’s 3.3% in Q3.
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New Zealand: Inflation dips in Q3
November 8, 2022
inflation dipped to 7.2% in Q3 from 7.3% in Q2, which had marked the fastest print since Q2 1990.
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New Zealand: Business confidence gains further ground in September
October 6, 2022
The ANZ bank business outlook indicator rose again in September.
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