New Zealand's annual wage inflation, as measured by the labor cost index, eased to 1.8 percent in the third quarter of 2018 from 1.9 percent in the previous period, as private sector wage growth slowed to 1.9 percent from 2.1 percent. Meanwhile, public sector wages rose 1.5 percent in the September quarter, slightly faster than a 1.4 percent increase in the previous three-month period. On a quarterly basis, wages increased by 0.5 percent, the same pace as in the previous quarter. Labour Costs in New Zealand averaged 913.75 Index Points from 1992 until 2018, reaching an all time high of 1174 Index Points in the third quarter of 2018 and a record low of 700 Index Points in the fourth quarter of 1992.

New Zealand Labour Costs
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New Zealand Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.90 4.40 11.20 3.30 percent [+]
Employed Persons 2663.00 2633.00 2663.00 1499.00 Thousand [+]
Unemployed Persons 109.00 122.00 189.00 69.00 Thousand [+]
Employment Change 1.10 0.50 2.50 -1.80 percent [+]
Labor Force Participation Rate 71.10 70.90 71.10 63.00 percent [+]
Labour Costs 1174.00 1168.00 1174.00 700.00 Index Points [+]
Productivity 168.99 167.97 171.61 117.96 Index Points [+]
Job Vacancies 190.92 187.91 200.70 55.20 Index Points [+]
Job Advertisements 45508.88 44885.69 45508.88 14139.22 [+]
Wages 31.39 31.08 31.39 13.07 NZD/Hour [+]
Wages in Manufacturing 29.92 29.37 29.92 12.44 NZD/Hour [+]
Minimum Wages 16.50 15.75 16.50 10.25 NZD/Hour [+]
Population 4.84 4.75 4.84 2.37 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Youth Unemployment Rate 10.90 12.40 15.30 10.30 percent [+]
Part Time Employment 554.00 545.00 554.00 264.00 Thousand [+]
Employment Rate 68.30 67.80 68.30 56.40 percent [+]
Full Time Employment 2107.00 2093.00 2107.00 1177.00 Thousand [+]


New Zealand Labour Costs

Labour cost index measures changes in labour costs. These costs include base salary and ordinary-time wage rates, overtime wage rates, and non-wage labour-related costs including annual leave and statutory holidays, superannuation, ACC employer premiums, medical insurance, motor vehicles available for private use and low-interest loans. This page provides - New Zealand Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Labour Costs - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1174.00 1168.00 1174.00 700.00 1992 - 2018 Index Points Quarterly
2009Q2=1000, NSA




Country Last
Australia 100.60 Jun/18
Brazil 99.29 Sep/18
Canada 116.80 Jun/18
China 104.80 Sep/18
Euro Area 113.70 Jun/18
France 108.10 Jun/18
Germany 113.18 Jun/18
Italy 107.00 Jun/18
Mexico 81.10 Aug/18
Netherlands 115.30 Jun/18
Singapore 107.90 Jun/18
South Africa 150.80 Mar/18
South Korea 96.50 Jun/18
Spain 102.40 Jun/18
Turkey 153.67 Jun/18
United Kingdom 103.90 Jun/18
United States 109.66 Sep/18


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