New Zealand Employed Persons - Forecast

Employed Persons in New Zealand is expected to be 2646.50 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employed Persons in New Zealand to stand at 2690.02 in 12 months time. In the long-term, the New Zealand Employed Persons is projected to trend around 2803.32 Thousand in 2020, according to our econometric models.


Forecast Data Chart
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New Zealand Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 4.5 4.5 4.6 4.7 4.8 5.2
Employed Persons 2631 2646 2661 2676 2690 2803
Unemployed Persons 124 123 116 117 118 120
Employment Change 0.5 1.1 0.5 1.1 0.2 0.4
Labor Force Participation Rate 70.9 70.82 70.89 70.83 70.88 70.86
Labour Costs 1168 1174 1179 1184 1189 1238
Productivity 168 168 168 168 168 168
Job Vacancies 191 190 190 189 189 189
Job Advertisements 44725 43325 43198 43169 43139 43092
Wages 31.08 31.55 31.57 32.04 32.27 34.49
Wages in Manufacturing 29.37 29.6 29.7 31.2 29.84 34
Minimum Wages 16.5 16.5 16.5 18 18 20
Population 4.84 4.91 4.91 5.1 5.1 5.2
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Youth Unemployment Rate 10.9 10.94 11.44 11.53 11.22 11.31
Part Time Employment 545 553 560 556 558 579
Employment Rate 67.7 67.47 67.64 67.43 67.58 67.49
Full Time Employment 2093 2109 2126 2144 2159 2286