New Zealand Unemployment Rate  Forecast


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Unemployment Rate in New Zealand is expected to be 4.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in New Zealand to stand at 4.80 in 12 months time. In the long-term, the New Zealand Unemployment Rate is projected to trend around 5.20 percent in 2020, according to our econometric models.


New Zealand Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 4.6 4.9 5 5 4.8 5.2
Employed Persons 2593 2612 2633 2655 2670 2732
Unemployed Persons 126 123 121 120 118 116
Employment Change 2.2 0.82 0.78 0.95 0.61 0.4
Labor Force Participation Rate 71.1 69.88 69.81 69.75 69.7 69.32
Labour Costs 1152 1157 1162 1168 1173 1212
Productivity 167 166 166 166 166 165
Job Vacancies 187 186 184 182 180 167
Job Advertisements 42940 42883 42504 41946 41350 36756
Wages 30.51 30.34 30.44 30.52 30.61 30.98
Wages in Manufacturing 29.11 300 435 554 665 1349
Minimum Wages 15.75 15.25 16 16 16.15 16.75
Population 4.75 4.8 4.81 4.81 4.9 5
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Full Time Employment 2038 2023 2030 2035 2038 2038
Youth Unemployment Rate 11.1 12.08 11.87 11.72 11.81 11.81
Part Time Employment 555 538 538 538 538 536
Employment Rate 66.7 66.49 66.33 66.19 66.05 65.01