New Zealand Unemployment Rate  1985-2017 | Data | Chart | Calendar

New Zealand's unemployment rate edged down to 4.6 percent in the third quarter of 2017 from 4.8 percent in the previous period, below market expectations of 4.7 percent. It was the third straight decline and the lowest jobless rate since the last quarter of 2008, as the number of unemployed fell by 1.2 percent on quarter (vs -2.2 percent in Q2) while employment went up 2.2 percent (vs -0.2 percent in Q2). The labor force participation rate increased to 71.1 percent in the third quarter after decreasing to a one-year low of 70.0 percent in the previous three months. Unemployment Rate in New Zealand averaged 6.09 percent from 1985 until 2017, reaching an all time high of 11.20 percent in the third quarter of 1991 and a record low of 3.30 percent in the fourth quarter of 2007.

New Zealand Unemployment Rate
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New Zealand Jobless Rate Down to 9-Year Low of 4.6%


New Zealand's unemployment rate edged down to 4.6 percent in the third quarter of 2017 from 4.8 percent in the previous period, below market expectations of 4.7 percent. It was the third straight decline and the lowest jobless rate since the last quarter of 2008.

The unemployment rate for men fell to 4.1 percent (down 0.6 percentage points) but rose to 5.3 percent (up 0.4 percentage points) for women. There were 126 thousand unemployed persons, down by 1.2 percent from the previous quarter. 

Employment went up 2.2 percent to 2.593 million, brininging the employment rate up by 1.2 percentage points to 67.8 percent, the highest rate since the series began in 1986 employment. 

The labor force participation rate increased to 71.1 percent in the third quarter after decreasing to a one-year low of 70.0 percent in the previous three months.

Annual wage inflation, as measured by the labor cost index, edged up to 1.8 percent from 1.7 percent in the previous period. Private sector wages rose by 1.9 percent  year-on-year (vs +1.6 percent in the previous quarter) and the growth of public sector wages slowed down to 1.5 percent (vs +1.9 percent). On a quarterly basis, wages increased by 0.6 percent.

Statistics New Zealand | Joana Taborda | joana.taborda@tradingeconomics.com
11/1/2017 4:37:46 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-05-02 10:45 PM Unemployment Rate 4.9% 5.2% 5.2% 5.1%
2017-08-01 10:45 PM Unemployment Rate 4.8% 4.9% 4.8% 4.9%
2017-10-31 09:45 PM Unemployment Rate 4.6% 4.8% 4.7% 4.7%


New Zealand Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.60 4.80 11.20 3.30 percent [+]
Employed Persons 2593.00 2535.00 2593.00 1499.00 Thousand [+]
Unemployed Persons 126.00 128.00 189.00 69.00 Thousand [+]
Employment Change 2.20 -0.20 2.40 -1.80 percent [+]
Labor Force Participation Rate 71.10 70.00 71.10 63.00 percent [+]
Labour Costs 1152.00 1145.00 1152.00 699.62 Index Points [+]
Productivity 166.68 164.21 171.61 117.96 Index Points [+]
Job Vacancies 186.70 198.20 198.20 55.20 Index Points [+]
Job Advertisements 42940.15 42544.27 43303.77 14139.40 [+]
Wages 30.51 30.15 30.51 13.07 NZD/Hour [+]
Wages in Manufacturing 29.11 28.47 3382.74 28.21 NZD Million/Quarter [+]
Minimum Wages 15.75 15.25 15.75 10.25 NZD/Hour [+]
Population 4.75 4.65 4.75 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 [+]
Full Time Employment 2038.00 2004.00 2038.00 1177.00 Thousand [+]
Youth Unemployment Rate 11.10 12.70 15.30 10.30 percent [+]
Part Time Employment 555.00 536.00 555.00 264.00 Thousand [+]
Employment Rate 66.70 67.10 67.10 56.40 percent [+]


New Zealand Unemployment Rate

In New Zealand, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - New Zealand Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
4.60 4.80 11.20 3.30 1985 - 2017 percent Quarterly




unemployment rate by Country
Country Last
Spain 16.38 Sep/17
Brazil 12.40 Sep/17
Italy 11.10 Sep/17
Turkey 10.60 Aug/17
France 9.70 Sep/17
Euro Area 8.90 Sep/17
Canada 6.30 Oct/17
Indonesia 5.50 Sep/17
Australia 5.40 Oct/17
Russia 5.00 Sep/17
Netherlands 4.50 Oct/17
United Kingdom 4.30 Sep/17
United States 4.10 Oct/17
China 3.95 Sep/17
Germany 3.60 Sep/17
Mexico 3.60 Sep/17
South Korea 3.60 Oct/17
India 3.46 Dec/16
Switzerland 3.00 Oct/17
Japan 2.80 Sep/17