New Zealand Labour Costs  Forecast


Labour Costs in New Zealand is expected to be 1150.80 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 1164.52 in 12 months time. In the long-term, the New Zealand Labour Costs is projected to trend around 1208.36 Index Points in 2020, according to our econometric models.


New Zealand Labour Costs
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New Zealand Labour Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 4.8 5 4.9 5 5 5.2
Employed Persons 2535 2544 2551 2553 2559 2575
Unemployed Persons 128 126 122 122 120 120
Employment Change -0.2 0.36 0.39 0.24 0.43 0.47
Labor Force Participation Rate 70 70.05 69.95 69.98 69.96 69.96
Labour Costs 1146 1151 1155 1160 1165 1208
Productivity 167 165 164 165 165 165
Job Vacancies 196 212 217 220 218 190
Job Advertisements 42366 42060 41637 41040 40390 35125
Wages 30.15 30.25 30.3 30.45 30.58 31.53
Wages in Manufacturing 28.47 -120 22.18 -114 19.18 17.91
Minimum Wages 15.75 15.25 15.25 16 16 16.75
Population 4.75 4.78 4.8 4.81 4.81 5
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Employment Rate 66.7 67.32 67.43 67.46 67.51 67.6
Part Time Employment 536 536 540 535 540 538
Youth Unemployment Rate 11.1 12.4 12.7 12.56 12.45 12.52
Full Time Employment 2004 2016 2025 2033 2039 2070