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

New Zealand's unemployment rate decreased to 4.9 percent in the first quarter of 2017 from 5.2 percent in the previous period, below market expectations of 5.2 percent. It was the lowest unemployment rate in six months and the second lowest in more than 8 years, as the number of unemployed fell by 4.4 percent on quarter while employment went up 1.2 percent. The labour force participation rate increased to an all-time high of 70.6 percent. Unemployment Rate in New Zealand averaged 6.11 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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Calendar GMT Actual Previous Consensus Forecast (i)
2016-11-01 09:45 PM Q3 4.9% 5.0% 5.1% 5.2%
2017-01-31 09:45 PM Q4 5.2% 4.9% 4.8% 4.9%
2017-05-02 10:45 PM Q1 4.9% 5.2% 5.2% 5.1%
2017-08-16 10:45 PM Q2 4.9% 5.1%
2017-11-01 09:45 PM Q3 5%




New Zealand Jobless Rate Falls To 4.9%


New Zealand's unemployment rate decreased to 4.9 percent in the first quarter of 2017 from 5.2 percent in the previous period, below market expectations of 5.2 percent. It was the lowest unemployment rate in six months and the second lowest in more than 8 years, as the number of unemployed fell by 4.4 percent on quarter while employment went up 1.2 percent.

The number of unemployed persons fell by 4.4 percent or by 6,000 people to 132,000. Employment went up by 1.2 percent or by 29,000 to 2.54 million people. This followed a 0.8 percent increase in employment in the December 2016 quarter.

The labour force participation rate edged up 10 bps over the last quarter to reach an all-time high of 70.6 percent. The number of people participating in the labour force, at 2.649 million, increased by 1.2 percent (up 29,000 people), with men contributing more than women to the increase. The unemployment rate for men fell from 4.8 percent to 4.2 percent, making it the lowest rate since the December 2008 quarter.

Annual wage inflation, as measured by the labour cost index, edged down to 1.5 percent in the first quarter of 2017, slightly below 1.6 percent in the previous period and also below expectations of 1.7 percent. Private sector wages rose by 1.5 percent (vs +1.6 percent in the previous quarter) while public sector wages went up by 1.7 percent (vs +1.8 percent).

Mario | mario@tradingeconomics.com
5/2/2017 11:20:57 PM



New Zealand Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.90 5.20 11.20 3.30 percent [+]
Employed Persons 2539.00 2510.00 2539.00 1499.00 Thousand [+]
Unemployed Persons 132.00 139.00 189.00 69.00 Thousand [+]
Employment Change 1.20 0.80 2.40 -1.80 percent [+]
Labor Force Participation Rate 70.60 70.50 70.60 63.00 percent [+]
Labour Costs 1141.00 1137.00 1141.00 699.62 Index Points [+]
Productivity 164.21 166.55 171.61 117.96 Index Points [+]
Job Vacancies 151.60 144.40 153.10 55.20 Index Points [+]
Job Advertisements 41778.66 43303.77 43303.77 14139.40 [+]
Wages 29.96 29.80 29.96 13.07 NZD/Hour [+]
Wages in Manufacturing 29.22 28.71 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 [+]
Employment Rate 67.10 66.80 67.10 56.40 percent [+]
Part Time Employment 546.00 528.00 546.00 264.00 Thousand [+]
Youth Unemployment Rate 12.80 13.50 15.30 10.30 percent [+]
Full Time Employment 1992.00 1981.00 1992.00 1177.00 Thousand [+]


New Zealand Unemployment Rate Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
4.90 5.20 11.20 3.30 1985 - 2017 percent Quarterly



unemployment rate by Country

Last
Spain 18.75 Mar/17
Brazil 13.60 Apr/17
Turkey 11.70 Mar/17
Italy 11.10 Apr/17
France 9.60 Mar/17
Euro Area 9.30 Apr/17
Canada 6.60 May/17
Australia 5.50 May/17
Indonesia 5.33 Mar/17
Russia 5.20 May/17
Netherlands 5.10 May/17
India 4.90 Dec/13
United Kingdom 4.60 Apr/17
United States 4.30 May/17
China 3.97 Mar/17
Germany 3.90 Apr/17
Mexico 3.60 May/17
South Korea 3.60 May/17
Switzerland 3.10 May/17
Japan 2.80 Apr/17