New Zealand Employment Change  Forecast


Employment Change in New Zealand is expected to be 0.32 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 0.29 in 12 months time. In the long-term, the New Zealand Employment Change is projected to trend around 0.33 percent in 2020, according to our econometric models.


New Zealand Employment Change
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New Zealand Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 4.8 4.9 5 5 4.8 5.2
Employed Persons 2535 2549 2551 2554 2556 2544
Unemployed Persons 128 123 122 120 119 116
Employment Change -0.2 0.32 0.16 0.32 0.29 0.33
Labor Force Participation Rate 70 69.88 69.81 69.75 69.7 69.32
Labour Costs 1146 1155 1159 1163 1167 1196
Productivity 167 166 166 166 166 165
Job Vacancies 198 229 233 231 228 198
Job Advertisements 42544 42221 41708 41102 40480 35861
Wages 30.15 30.34 30.44 30.52 30.61 30.98
Wages in Manufacturing 28.47 300 435 554 665 1349
Minimum Wages 15.75 15.25 16 16 16.15 16.75
Population 4.75 4.8 4.81 4.81 4.9 5
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Employment Rate 66.7 66.49 66.33 66.19 66.05 65.01
Part Time Employment 536 538 538 538 538 536
Youth Unemployment Rate 11.1 12.08 11.87 11.72 11.81 11.81
Full Time Employment 2004 2023 2030 2035 2038 2038