New Zealand Unemployment Rate - Forecast

Unemployment Rate in New Zealand is expected to be 4.30 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 Unemployment Rate
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New Zealand Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 4.4 4.3 4.6 4.7 4.8 5.2
Employed Persons 2618 2656 2673 2690 2706 2838
Unemployed Persons 119 116 116 117 118 120
Employment Change 0.6 1.1 0.5 1.1 0.2 0.4
Labor Force Participation Rate 70.8 70.76 70.84 70.77 70.83 70.81
Labour Costs 1162 1172 1177 1182 1186 1232
Productivity 168 168 168 168 168 168
Job Vacancies 191 190 190 189 189 189
Job Advertisements 43165 43325 43198 43169 43139 43092
Wages 31.03 31.55 31.57 32.04 32.27 34.49
Wages in Manufacturing 29.53 29.6 29.7 31.2 29.84 34
Minimum Wages 16.5 16.5 16.5 18 18 20
Population 4.84 4.91 4.91 5.1 5.1 5.2
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Youth Unemployment Rate 11.2 11.57 11.75 11.73 11.65 11.68
Part Time Employment 554 558 560 563 565 586
Employment Rate 67.7 67.8 68.04 67.9 68.04 68.02
Full Time Employment 2062 2091 2103 2116 2127 2216