New Zealand Labor Force Participation Rate - Forecast

Labor Force Participation Rate in New Zealand is expected to be 71.02 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in New Zealand to stand at 70.97 in 12 months time. In the long-term, the New Zealand Labor Force Participation Rate is projected to trend around 70.47 percent in 2020, according to our econometric models.


New Zealand Labor Force Participation Rate
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New Zealand Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 4.5 5 5 4.4 5.1 5.2
Employed Persons 2605 2624 2644 2656 2668 2703
Unemployed Persons 122 120 118 117 116 116
Employment Change 0.5 0.75 0.86 0.51 0.59 0.38
Labor Force Participation Rate 71 71.02 71.05 71 70.97 70.47
Labour Costs 1158 1163 1168 1173 1178 1226
Productivity 168 167 168 167 167 166
Job Vacancies 199 200 198 196 194 175
Job Advertisements 44192 44021 43776 43283 42751 37261
Wages 30.74 30.96 31.2 31.39 31.57 32.83
Wages in Manufacturing 29.24 149 258 371 472 1280
Minimum Wages 16.5 15.75 16.5 16.5 16.5 17.5
Population 4.75 4.81 4.81 4.9 4.9 5
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Youth Unemployment Rate 11.2 11.81 11.63 11.64 11.72 11.75
Part Time Employment 552 553 554 553 553 551
Employment Rate 67.8 67.92 68.03 68.01 67.98 66.66
Full Time Employment 2050 2065 2079 2089 2098 2120