New Zealand's unemployment rate rose to 4.2 percent in the third quarter of 2019 from an 11-year low of 3.9 percent in the previous period, and above market expectations of 4.1 percent.

Unemployment Rate in New Zealand averaged 5.98 percent from 1985 until 2019, reaching an all time high of 11.20 percent in the third quarter of 1991 and a record low of 3.30 percent in the fourth quarter of 2007. This page provides - New Zealand Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics New Zealand

Unemployment Rate in New Zealand is expected to be 4.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in New Zealand to stand at 4.20 in 12 months time. In the long-term, the New Zealand Unemployment Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.

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New Zealand Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.20 3.90 11.20 3.30 1985 - 2019 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-02-06 09:45 PM Q4 4.3% 4.0% 4.1% 4.4%
2019-04-30 10:45 PM Q1 4.2% 4.3% 4.2% 4.3%
2019-08-05 10:45 PM Q2 3.9% 4.2% 4.3% 4.2%
2019-11-05 09:45 PM Q3 4.2% 3.9% 4.1% 4%
2020-02-04 09:45 PM Q4 4.2% 4.4%


News Stream
2019-08-05
New Zealand Jobless Rate Falls to 11-Year Low
New Zealand's unemployment rate fell to 3.9 percent in the second quarter of 2019 from 4.2 percent in the previous period, compared to market expectations of 4.3 percent. That was the lowest jobless rate since the second quarter of 2008, when it was 3.8 percent.

2019-05-01
New Zealand Jobless Rate Falls to 4.2% in Q1
New Zealand's unemployment rate fell to 4.2 percent in the first quarter of 2019 from 4.3 percent in the previous period, matching market expectations and close to its 10-year low. The jobless rate dropped to a 10-year low of 4.0 percent in the quarter ending in September 2018.

2019-02-07
New Zealand Jobless Rate Rises to 4.3% in Q4
New Zealand's unemployment rate rose to 4.3 percent in the last quarter of 2018 from an upwardly revised 4.0 percent in the previous period and above market expectations of a 4.1 percent.


New Zealand Unemployment Rate
In New Zealand, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.