New Zealand Employment Rate - Forecast

Employment Rate in New Zealand is expected to be 67.52 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Rate in New Zealand to stand at 67.47 in 12 months time. In the long-term, the New Zealand Employment Rate is projected to trend around 67.47 percent in 2020, according to our econometric models.


New Zealand Employment Rate
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New Zealand Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 4.5 5 4.6 5.1 4.6 5.2
Employed Persons 2605 2645 2657 2670 2680 2715
Unemployed Persons 122 125 125 125 125 125
Employment Change 0.5 0.1 1.1 0.5 1.1 0.4
Labor Force Participation Rate 71 70.8 70.72 70.76 70.74 70.75
Labour Costs 1158 1152 1152 1152 1152 1152
Productivity 168 168 168 168 168 167
Job Vacancies 203 201 199 198 196 179
Job Advertisements 43971 43085 42625 42891 43116 42993
Wages 30.74 30.46 30.46 31.57 30.46 30.46
Wages in Manufacturing 29.24 29 29.6 29.7 31.2 34
Minimum Wages 16.5 16.5 16.5 16.5 17 20
Population 4.75 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
Full Time Employment 2050 2031 2031 2031 2031 2031
Youth Unemployment Rate 11.2 11.2 11.2 11.2 11.2 11.2
Part Time Employment 552 550 548 549 549 549
Employment Rate 67.8 67.52 67.45 67.48 67.47 67.47