Youth Unemployment Rate in New Zealand increased to 14 percent in the first quarter of 2020 from 11.70 percent in the fourth quarter of 2019.

Youth Unemployment Rate in New Zealand averaged 11.95 percent from 2004 until 2020, reaching an all time high of 15.30 percent in the fourth quarter of 2009 and a record low of 10.30 percent in the first quarter of 2004. This page provides - New Zealand Youth Unemployment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Youth Unemployment Rate - values, historical data and charts - was last updated on August of 2020. source: Statistics New Zealand

Youth Unemployment Rate in New Zealand is expected to be 16.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Youth Unemployment Rate in New Zealand to stand at 15.50 in 12 months time. In the long-term, the New Zealand Youth Unemployment Rate is projected to trend around 14.50 percent in 2021 and 12.00 percent in 2022, according to our econometric models.

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New Zealand Youth Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
14.00 11.70 15.30 10.30 2004 - 2020 percent Quarterly
SA

New Zealand Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.20 4.00 11.20 3.30 percent [+]
Employed Persons 2661.00 2643.00 2661.00 1499.00 Thousand [+]
Unemployed Persons 116.00 111.00 189.00 69.00 Thousand [+]
Employment Change 0.70 0.10 2.50 -1.80 percent [+]
Labor Force Participation Rate 70.40 70.10 70.90 63.00 percent [+]
Labour Costs 1215.00 1211.00 1215.00 699.62 points [+]
Productivity 125.77 127.91 128.24 86.54 points [+]
Job Vacancies 102.84 171.86 196.57 55.20 points [+]
Wages 33.20 32.83 33.20 13.07 NZD/Hour [+]
Wages in Manufacturing 31.23 30.78 31.23 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 [+]