New Zealand's unemployment rate decreased to a one-year low of 4.0 percent in the second quarter of 2021, down from 4.6 percent in the previous period and compared to market expectations of 4.5 percent. The seasonally adjusted number of unemployed people fell by 17 thousand in the June 2021 quarter to 117 thousand, marking the largest quarterly percentage fall since series began in 1986. The employment rate increased 0.5 percentage point to 67.6 percent, while the labour force participation rate edged up to 70.5 percent from 70.4 percent. source: Statistics New Zealand

Unemployment Rate in New Zealand averaged 5.93 percent from 1985 until 2021, reaching an all time high of 11.20 percent in the third quarter of 1991 and a record low of 3.40 percent in the fourth quarter of 2007. This page provides - New Zealand Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

Unemployment Rate in New Zealand is expected to be 3.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Unemployment Rate is projected to trend around 3.50 percent in 2022 and 3.20 percent in 2023, according to our econometric models.

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New Zealand Unemployment Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-05-04 10:45 PM Q1 4.7% 4.9% 4.9% 5%
2021-08-03 10:45 PM Q2 4% 4.7% 4.5% 4.6%
2021-11-02 09:45 PM Q3 4% 3.9%


News Stream
NZ Jobless Rate Falls Third Straight Quarter to 1-Year Low
New Zealand's unemployment rate decreased to a one-year low of 4.0 percent in the second quarter of 2021, down from 4.6 percent in the previous period and compared to market expectations of 4.5 percent. The seasonally adjusted number of unemployed people fell by 17 thousand in the June 2021 quarter to 117 thousand, marking the largest quarterly percentage fall since series began in 1986. The employment rate increased 0.5 percentage point to 67.6 percent, while the labour force participation rate edged up to 70.5 percent from 70.4 percent.
2021-08-03
New Zealand Jobless Rate Eases to 4.7% in Q1
New Zealand's unemployment rate decreased to 4.7 percent in the first quarter of 2021, from 4.9 percent in the previous period and compared to market expectations of 4.9 percent. The seasonally adjusted number of unemployed people fell by 5 thousand in the March 2021 quarter to 135 thousand, while the number of employed people rose by 15 thousand to 2,750 thousand. The employment rate increased 0.3 percentage point to 67.1 percent, while the labour force participation rate edged up to 70.4 percent from 70.2 percent.
2021-05-04
New Zealand Unemployment Rate Drops to 4.9%
New Zealand's unemployment rate decreased to 4.9 percent in the fourth quarter of 2020, from 5.3 percent in the previous period and compared to market expectations of 5.6 percent. The seasonally adjusted number of unemployed people fell by 10 thousand in the December 2020 quarter to 141 thousand. However, the number of unemployed was still 25 thousand higher than it was a year ago. Meanwhile, the seasonally adjusted number of employed people rose by 17 thousand. The employment rate increased 0.4 percentage point to 66.8 percent, while the labor force participation rate edged up to 70.2 percent from 70.1 percent.
2021-02-02

New Zealand Last Unit Reference Previous Highest Lowest
Unemployment Rate 4.00 percent Jun/21 4.70 11.20 3.40
Employed Persons 2778.00 Thousand Jun/21 2750.00 2778.00 1499.00
Unemployed Persons 117.00 Thousand Jun/21 135.00 189.00 69.00
Employment Change 1.00 percent Jun/21 0.60 2.60 -1.80
Labor Force Participation Rate 70.50 percent Jun/21 70.40 71.20 63.00
Labour Costs 1244.00 points Jun/21 1235.00 1244.00 699.62
Productivity 132.01 points Jun/21 129.63 132.01 86.54
Wages 34.80 NZD/Hour Jun/21 34.55 34.80 13.07
Wages in Manufacturing 32.58 NZD/Hour Jun/21 32.34 32.58 12.44
Population 5.11 Million Dec/20 4.95 5.11 2.37
Youth Unemployment Rate 10.92 percent Jun/21 12.46 15.30 10.30
Part Time Employment 564.00 Thousand Jun/21 555.00 564.00 264.00
Full Time Employment 2216.00 Thousand Jun/21 2194.00 2216.00 1177.00
Employment Rate 67.10 percent Mar/21 66.80 68.20 56.40


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.