Labor Force Participation Rate in New Zealand decreased to 69.70 percent in the second quarter of 2020 from 70.50 percent in the first quarter of 2020.

Labor Force Participation Rate in New Zealand averaged 66.74 percent from 1986 until 2020, reaching an all time high of 70.90 percent in the third quarter of 2017 and a record low of 63 percent in the first quarter of 1993. This page provides - New Zealand Labor Force Participation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Labor Force Participation Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Statistics New Zealand

Labor Force Participation Rate in New Zealand is expected to be 69.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in New Zealand to stand at 70.30 in 12 months time. In the long-term, the New Zealand Labor Force Participation Rate is projected to trend around 70.80 percent in 2021 and 71.20 percent in 2022, according to our econometric models.

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New Zealand Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
69.70 70.50 70.90 63.00 1986 - 2020 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-05 09:45 PM Q3 70.4% 70.3% 70.3% 70.4%
2020-02-04 09:45 PM Q4 70.1% 70.4% 70.4% 70.5%
2020-05-05 10:45 PM Q1 70.4% 70.1% 69.9% 70%
2020-08-04 10:45 PM Q2 69.7% 70.5% 69.8% 69.8%
2020-11-05 09:45 PM Q3 69.7% 69.9%
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New Zealand Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.00 4.20 11.20 3.30 percent [+]
Employed Persons 2665.00 2661.00 2665.00 1499.00 Thousand [+]
Unemployed Persons 111.00 116.00 189.00 69.00 Thousand [+]
Employment Change -0.40 1.00 2.50 -1.80 percent [+]
Labor Force Participation Rate 69.70 70.50 70.90 63.00 percent [+]
Labour Costs 1218.00 1215.00 1218.00 699.62 points [+]
Productivity 125.77 127.91 128.24 86.54 points [+]
Job Vacancies 102.84 171.86 196.57 55.20 points [+]
Wages 33.37 33.20 33.37 13.07 NZD/Hour [+]
Wages in Manufacturing 31.34 31.23 31.34 12.44 NZD/Hour [+]
Minimum Wages 18.90 17.70 18.90 10.25 NZD/Hour [+]
Population 4.95 4.88 4.95 2.37 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Full Time Employment 2131.00 2130.00 2147.00 1177.00 Thousand [+]
Part Time Employment 530.00 519.00 555.00 264.00 Thousand [+]
Employment Rate 67.50 67.30 68.00 56.40 percent [+]
Youth Unemployment Rate 14.00 11.70 15.30 10.30 percent [+]


New Zealand Labor Force Participation Rate
The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.