New Zealand Labour Costs  Forecast


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Labour Costs in New Zealand is expected to be 1157.06 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in New Zealand to stand at 1172.65 in 12 months time. In the long-term, the New Zealand Labour Costs is projected to trend around 1212.20 Index Points in 2020, according to our econometric models.


New Zealand Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 4.6 4.9 5 5 4.8 5.2
Employed Persons 2593 2612 2633 2655 2670 2732
Unemployed Persons 126 123 121 120 118 116
Employment Change 2.2 0.82 0.78 0.95 0.61 0.4
Labor Force Participation Rate 71.1 69.88 69.81 69.75 69.7 69.32
Labour Costs 1152 1157 1162 1168 1173 1212
Productivity 167 166 166 166 166 165
Job Vacancies 187 186 184 182 180 167
Job Advertisements 42940 42883 42504 41946 41350 36756
Wages 30.51 30.34 30.44 30.52 30.61 30.98
Wages in Manufacturing 29.11 300 435 554 665 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
Part Time Employment 555 538 538 538 538 536
Youth Unemployment Rate 11.2 12.08 11.87 11.72 11.81 11.81
Employment Rate 67.8 66.49 66.33 66.19 66.05 65.01
Full Time Employment 2038 2023 2030 2035 2038 2038