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

New Zealand's unemployment rate edged up to 4.5 percent in the second quarter of 2018 from a nine-year low of 4.4 percent in the previous period and above market expectations of 4.4 percent. It ended a five-quarter streak with falling unemployment rate, as the number of unemployed went up 4,000 to 124 thousand and employment rose by 13 thousand to 2.631 million. The labor force participation rate edged up 10 bps to 70.9 percent in the second quarter. Unemployment Rate in New Zealand averaged 6.05 percent from 1985 until 2018, 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 Edges Up in Q2


New Zealand's unemployment rate went up to 4.5 percent in the second quarter of 2018 from 4.4 percent in the previous period, surpassing market expectations of 4.4 percent. The slight rise in the jobless rate follows five consecutive falls. Still, it remains close to the nine-year low of 4.4 percent seen in the previous quarter.

The number of unemployed persons increased by 4 thousand to 124 thousand and employment rose by 13 thousand to 2631 thousand. The labor force participation rate edged up by 10 bps to 70.9 percent in the second quarter.

The underutilization rate went up to 12 percent from 11.9 percent, reflecting about 344 thousand New Zealanders with potential to work more.

Annual wage inflation, as measured by the labor cost index, increased 1.9 percent in Q2, following a 1.8 percent gain in the previous period. The minimum wage increase by the Government of 75 cents to $16.50 on 1 April 2018 was the main contributor to higher wage rates for the quarter. Private sector wages rose by 2.1 percent (vs 1.9 percent in the previous quarter) and the growth of public sector wages was recorded at 1.3 percent (vs 1.5 percent). On a quarterly basis, wages increased by 0.5 percent, up from a 0.3 percent climb in the previous quarter.


Statistics New Zealand | Gabriela Costa | gabriela.costa@tradingeconomics.com
8/1/2018 11:16:24 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-02-06 09:45 PM Unemployment Rate 4.5% 4.6% 4.6% 4.5%
2018-05-01 10:45 PM Unemployment Rate 4.4% 4.5% 4.4% 4.6%
2018-07-31 10:45 PM Unemployment Rate 4.5% 4.4% 4.4% 4.5%
2018-10-31 09:45 PM Unemployment Rate 4.5% 4.5%


New Zealand Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.50 4.40 11.20 3.30 percent [+]
Employed Persons 2631.00 2618.00 2631.00 1499.00 Thousand [+]
Unemployed Persons 124.00 120.00 189.00 69.00 Thousand [+]
Employment Change 0.50 0.60 2.50 -1.80 percent [+]
Labor Force Participation Rate 70.90 70.80 71.10 63.00 percent [+]
Labour Costs 1168.00 1162.00 1168.00 700.00 Index Points [+]
Productivity 168.99 167.97 171.61 117.96 Index Points [+]
Job Vacancies 190.92 187.91 200.70 55.20 Index Points [+]
Job Advertisements 45099.12 44725.03 45099.12 14139.22 [+]
Wages 31.08 31.03 31.08 13.07 NZD/Hour [+]
Wages in Manufacturing 29.37 29.53 29.53 12.44 NZD/Hour [+]
Minimum Wages 16.50 15.75 16.50 10.25 NZD/Hour [+]
Population 4.84 4.75 4.84 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 10.90 12.40 15.30 10.30 percent [+]
Part Time Employment 545.00 554.00 554.00 264.00 Thousand [+]
Employment Rate 67.70 67.70 67.80 56.40 percent [+]
Full Time Employment 2093.00 2064.00 2093.00 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.50 4.40 11.20 3.30 1985 - 2018 percent Quarterly




unemployment rate by Country
Country Last
South Africa 27.20 Jun/18
Spain 15.30 Jun/18
Brazil 12.30 Jul/18
Italy 10.40 Jul/18
Turkey 10.20 Jun/18
Argentina 9.60 Jun/18
France 9.10 Jun/18
Euro Area 8.20 Jul/18
Saudi Arabia 6.10 Mar/18
Canada 6.00 Aug/18
Australia 5.30 Aug/18
Indonesia 5.13 Mar/18
Russia 4.60 Aug/18
South Korea 4.20 Aug/18
United Kingdom 4.00 Jul/18
Netherlands 3.90 Aug/18
United States 3.90 Aug/18
China 3.83 Jun/18
India 3.52 Dec/17
Mexico 3.50 Jul/18
Germany 3.40 Jul/18
Japan 2.50 Jul/18
Switzerland 2.40 Aug/18
Singapore 2.10 Jun/18


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