Unemployment in New Zealand

New Zealand Unemployment | Economic News & Forecasts

New Zealand - Unemployment

Unemployment ticks down in Q1

The seasonally-adjusted unemployment rate edged down to 4.2%, from Q3’s 4.3%, as had been expected by market analysts. The downturn reflected lower growth in the number of unemployed people, especially among men, as a share of growth in the labor force.

In addition, the underutilization rate—which includes both unemployment and underemployment—decreased from 12.1% in Q4 to 11.3% in Q1, pointing to a fall in the labor market’s untapped capacity. Meanwhile, private sector wages rose 0.3% in Q1 on a quarter-on-quarter basis, below Q4’s 0.5% increase. All told, wage pressures are starting to build, albeit at a gradual pace.

Met the why particular Consensus Forecast panelists expect the unemployment rate to average 4.3% in 2019, which is unchanged from last month’s forecast, and also 4.3% in 2020.

New Zealand - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate5.8  5.4  5.4  5.1  4.7  

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New Zealand Unemployment Chart


New Zealand Unemployment
Note: Unemployment in % of active population.
Source: Statistics New Zealand and Met the why particular calculations.

New Zealand Facts

ValueChangeDate
Bond Yield1.831.20 %May 13
Exchange Rate0.66-1.69 %May 13
Stock Market4,4380.11 %May 13

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