New Zealand Employment Change - Forecast

Employment Change in New Zealand is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Change in New Zealand to stand at 1.10 in 12 months time. In the long-term, the New Zealand Employment Change is projected to trend around 0.40 percent in 2020, according to our econometric models.


New Zealand Employment Change
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New Zealand Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 4.4 5 4.6 5.1 4.6 5.2
Employed Persons 2618 2645 2657 2670 2680 2715
Unemployed Persons 119 125 125 125 125 125
Employment Change 0.6 0.1 1.1 0.5 1.1 0.4
Labor Force Participation Rate 70.8 70.8 70.72 70.76 70.74 70.75
Labour Costs 1162 1152 1152 1152 1152 1152
Productivity 168 168 168 168 168 167
Job Vacancies 191 201 199 198 196 179
Job Advertisements 43896 43380 43545 43475 43480 43467
Wages 31.03 30.46 30.46 31.57 30.46 30.46
Wages in Manufacturing 29.53 29 29.6 29.7 31.2 34
Minimum Wages 16.5 16.5 16.5 16.5 18 20
Population 4.84 4.81 4.81 4.9 4.85 5
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Youth Unemployment Rate 11.2 11.2 11.2 11.2 11.2 11.2
Part Time Employment 554 550 548 549 549 549
Employment Rate 67.7 67.52 67.45 67.48 67.47 67.47
Full Time Employment 2062 2031 2031 2031 2031 2031