New Zealand Unemployed Persons - Forecast

Unemployed Persons in New Zealand is expected to be 123.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployed Persons in New Zealand to stand at 124.00 in 12 months time. In the long-term, the New Zealand Unemployed Persons is projected to trend around 125.00 Thousand in 2020, according to our econometric models.


Forecast Data Chart
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New Zealand Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 4.5 4.5 4.6 4.7 4.8 5.2
Employed Persons 2631 2650 2654 2600 2640 2700
Unemployed Persons 124 123 124 123 124 125
Employment Change 0.5 1.1 0.5 1.1 0.2 0.4
Labor Force Participation Rate 70.9 71 70.9 70.8 70.8 71.2
Labour Costs 1168 1174 1179 1184 1189 1238
Productivity 169 168 168 168 168 168
Job Vacancies 191 190 190 189 189 189
Job Advertisements 45099 45269 46140 46673 47008 47605
Wages 31.08 31.55 31.57 32.04 32.27 34.49
Wages in Manufacturing 29.37 29.6 29.7 31.2 29.84 34
Minimum Wages 16.5 16.5 16.5 18 18 20
Population 4.84 4.91 4.91 5.1 5.1 5.2
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Youth Unemployment Rate 10.9 10.94 11.44 11.53 11.22 11.31
Part Time Employment 545 553 560 556 558 579
Employment Rate 67.7 67.47 67.64 67.43 67.58 67.49
Full Time Employment 2093 2109 2126 2144 2159 2286