New Zealand Unemployment Rate  1985-2018 | Data | Chart | Calendar

New Zealand's unemployment rate edged down to 4.5 percent in the fourth quarter of 2017 from 4.6 percent in the previous period, below market expectations of 4.6 percent. It was the fourth straight decline and the lowest jobless rate since the last quarter of 2008, as the number of unemployed fell by 2.8 percent on quarter (vs -1.2 percent in Q3) while employment went up 0.5 percent (vs 2.2 percent in Q3). The labor force participation rate edged down 10 bps to 71.0 percent in the fourth quarter. Unemployment Rate in New Zealand averaged 6.08 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 at 9-Year Low in Q4


New Zealand's unemployment rate edged down to 4.5 percent in the fourth quarter of 2017 from 4.6 percent in the previous period, below market expectations of 4.6 percent. It was the fourth straight decline and the lowest jobless rate since the last quarter of 2008.

The unemployment rate for women (5 percent from 5.3 percent in the previous quarter) and was flat for men at 4 percent. There were 122 thousand unemployed persons, down by 4 thousand from the previous quarter. 

Employment went up 12 thousand to 2.605 million and the employment rate remained at 67.8 percent, the highest rate since the series began in 1986. 

The labor force participation rate edged down to 70 percent from 71.1 percent.

The underutilisation rate rose to 12.1 percent from 12 percent, reflecting about 340 thousand New Zealanders with potential to work more. 

Annual wage inflation, as measured by the labor cost index, was unchanged at 1.8 percent, the same as in the previous period. Private sector wages rose by 1.9 percent, the same as in Q3 and public ones rose 1.5 percent, also the same as in Q3.


Statistics New Zealand | Joana Taborda | joana.taborda@tradingeconomics.com
2/7/2018 2:11:45 PM



Calendar GMT Actual Previous Consensus TEForecast
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%
2018-02-06 09:45 PM Unemployment Rate 4.5% 4.6% 4.6% 4.5%
2018-05-01 10:45 PM Unemployment Rate 4.5% 4.4%
2018-08-01 10:45 PM Unemployment Rate 4.4%
2018-10-31 09:45 PM Unemployment Rate 4.4%


New Zealand Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.50 4.60 11.20 3.30 percent [+]
Employed Persons 2605.00 2593.00 2605.00 1499.00 Thousand [+]
Unemployed Persons 122.00 126.00 189.00 69.00 Thousand [+]
Employment Change 0.50 2.20 2.50 -1.80 percent [+]
Labor Force Participation Rate 71.00 71.10 71.10 63.00 percent [+]
Labour Costs 1158.00 1153.00 1158.00 699.62 Index Points [+]
Productivity 167.98 166.68 171.61 117.96 Index Points [+]
Job Vacancies 199.44 199.01 200.70 55.20 Index Points [+]
Job Advertisements 44192.14 42702.75 44192.14 14139.40 [+]
Wages 30.74 30.51 30.74 13.07 NZD/Hour [+]
Wages in Manufacturing 29.24 29.11 3382.74 28.21 NZD Million/Quarter [+]
Minimum Wages 16.50 15.75 16.50 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 [+]
Youth Unemployment Rate 11.20 11.20 15.30 10.30 percent [+]
Part Time Employment 552.00 555.00 555.00 264.00 Thousand [+]
Employment Rate 67.80 67.80 67.80 56.40 percent [+]
Full Time Employment 2050.00 2038.00 2050.00 1177.00 Thousand [+]


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 February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.50 4.60 11.20 3.30 1985 - 2017 percent Quarterly




unemployment rate by Country
Country Last
Spain 16.55 Dec/17
Brazil 11.80 Dec/17
Italy 10.80 Dec/17
Turkey 10.30 Nov/17
France 8.90 Dec/17
Euro Area 8.70 Dec/17
Canada 5.90 Jan/18
Australia 5.50 Jan/18
Indonesia 5.50 Sep/17
Russia 5.20 Jan/18
United Kingdom 4.40 Dec/17
Netherlands 4.20 Jan/18
United States 4.10 Jan/18
China 3.90 Dec/17
Germany 3.60 Dec/17
South Korea 3.60 Jan/18
India 3.46 Dec/16
Switzerland 3.30 Jan/18
Mexico 3.10 Dec/17
Japan 2.80 Dec/17


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