Euro Area: Unemployment rate stable in October
The seasonally adjusted unemployment rate came in at 6.5% in October, unchanged from September’s reading. Nine economies saw their unemployment...
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
Note: This chart displays Unemployment Rate for New Zealand from 2013 to 2022.
Source: Statistics New Zealand.
New Zealand Unemployment Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Unemployment (% of active population, aop) | 4.3 | 4.1 | 4.6 | 3.8 | 3.3 |
Unemployment rate rises in Q3
The seasonally-adjusted unemployment rate rose to 3.9% in Q3 from 3.6% in Q2. Meanwhile, the underutilization rate—which includes both unemployment and underemployment—increased to 10.4% in Q3 from 10.0% in Q2. Though the labor market softened in Q3, it remained tight by historical standards: The unemployment rate averaged 4.7% in the decade to 2022. A further slight loosening of the labor market is expected in 2024 on the back of the lagged effects of previous interest rate hikes.
Consensus Forecasts and Projections for the next ten years
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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According to the ONS, vacancy numbers declined in the three months to October for the 16th consecutive period, though employment... -
Euro Area: Unemployment rate rises in September
The seasonally adjusted unemployment rate came in at 6.5% in September, up from August’s 6.4%. 13 economies saw their unemployment... -
New Zealand: Unemployment rate rises in Q3
The seasonally-adjusted unemployment rate rose to 3.9% in Q3 from 3.6% in Q2. Meanwhile, the underutilization rate—which includes both unemployment... -
Greece: Unemployment rate falls in September
September’s data points to an improvement in labor market conditions. The number of employed people increased by 55,173 compared with...