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. Unemployment Rate in New Zealand averaged 6.02 percent from 1985 until 2018, 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.

Unemployment Rate in New Zealand is expected to be 4.20 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 4.40 in 12 months time. In the long-term, the New Zealand Unemployment Rate is projected to trend around 3.80 percent in 2020, according to our econometric models.

New Zealand Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-05-01 10:45 PM Unemployment Rate 4.4% 4.5% 4.4% 4.6%
2018-07-31 10:45 PM Unemployment Rate 4.5% 4.4% 4.4% 4.5%
2018-11-06 09:45 PM Unemployment Rate 3.9% 4.4% 4.5% 4.5%
2019-02-06 09:45 PM Unemployment Rate 4.3% 4.0% 4.1% 4.4%
2019-04-30 10:45 PM Unemployment Rate 4.3% 4.1% 4.2%
2019-07-31 10:45 PM Unemployment Rate 4.2%
2019-11-06 09:45 PM Unemployment Rate 4.40%



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.

The number of unemployed people increased by 8 thousand to 120 thousand, reflecting 12 thousand more unemployed youth (15–24-year-olds), while employmnent went up by 2 thousand to 2.66 million. The employment rate fell to 67.8 percent in the fourth quarter of 2018 (from 68.2 percent in Q3). The labour force participation rate declined to 70.9 percent in the December quarter from 71 percent in the prior period.

For women, the unemployment rate rose to 4.2 percent, up from 4.0 percent in the previous quarter and for men advanced to 4.4 percent from 3.9 percent.

The underutilisation rate went up to 12.1 percent from 11.4 percent last quarter.

Annual wage inflation, as measured by the labor cost index, edged up to 1.9 percent in the fourth quarter of 2018 from 1.8 percent in the previous period and compared to market expectations of 2.0 percent, as private sector wage growth climbed to 2.0 percent from 1.9 percent. Meanwhile, public sector wages rose 1.7 percent in the December quarter, faster than a 1.5 percent increase in the previous three-month period. On a quarterly basis, wages increased by 0.5 percent, the same pace as in the previous two quarters.


Statistics New Zealand | Stefanie Moya | stefanie.moya@tradingeconomics.com
2/7/2019 12:25:36 PM



New Zealand Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.30 4.00 11.20 3.30 percent [+]
Employed Persons 2664.00 2662.00 2664.00 1499.00 Thousand [+]
Unemployed Persons 120.00 110.00 189.00 69.00 Thousand [+]
Employment Change 0.10 1.00 2.60 -1.80 percent [+]
Labor Force Participation Rate 70.90 71.00 71.00 63.00 percent [+]
Labour Costs 1079.00 1173.00 1173.00 700.00 Index Points [+]
Productivity 122.93 167.16 171.61 117.96 Index Points [+]
Job Vacancies 198.20 193.93 200.70 55.20 Index Points [+]
Job Advertisements 44341.92 46008.12 46008.12 14139.22 [+]
Wages 31.70 31.39 31.70 13.07 NZD/Hour [+]
Wages in Manufacturing 30.00 29.92 30.00 12.44 NZD/Hour [+]
Minimum Wages 17.70 16.50 17.70 10.25 NZD/Hour [+]
Population 4.84 4.75 4.84 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 [+]
Youth Unemployment Rate 14.10 10.30 15.30 10.30 percent [+]
Part Time Employment 546.00 554.00 554.00 264.00 Thousand [+]
Employment Rate 67.80 68.20 68.20 56.40 percent [+]
Full Time Employment 2113.00 2107.00 2113.00 1177.00 Thousand [+]


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. This page provides - New Zealand Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.30 4.00 11.20 3.30 1985 - 2018 percent Quarterly




Country Last Previous
South Africa 27.10 Dec/18
Turkey 14.70 Jan/19
Spain 14.45 Dec/18
Brazil 12.40 Feb/19
Italy 10.70 Feb/19
Argentina 9.10 Dec/18
France 8.80 Dec/18
Euro Area 7.80 Feb/19
Saudi Arabia 6.00 Dec/18
Canada 5.80 Mar/19
Indonesia 5.34 Sep/18
Australia 5.00 Mar/19
Russia 4.70 Mar/19
United Kingdom 3.90 Feb/19
China 3.80 Dec/18
South Korea 3.80 Mar/19
United States 3.80 Mar/19
India 3.53 Dec/18
Netherlands 3.30 Mar/19
Mexico 3.20 Mar/19
Germany 3.10 Feb/19
Switzerland 2.50 Mar/19
Japan 2.30 Feb/19
Singapore 2.20 Dec/18


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