Unemployment Rate in New Zealand is expected to be 4.60 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 4.40 in 12 months time. In the long-term, the New Zealand Unemployment Rate is projected to trend around 4.30 percent in 2020, according to our econometric models.


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New Zealand Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 3.9 4.6 4.5 4.5 4.4 4.3
Employed Persons 2663 2654 2600 2640 2645 2700
Unemployed Persons 109 124 123 124 125 125
Employment Change 1.1 0.5 1.1 0.2 0.79 0.4
Labor Force Participation Rate 71.1 70.9 70.8 70.8 70.9 71.2
Labour Costs 1174 1179 1184 1190 1195 1241
Productivity 169 169 169 169 169 169
Job Vacancies 191 189 189 189 189 189
Job Advertisements 45509 45887 46336 46640 46830 47167
Wages 31.39 31.57 31.8 31.93 32.18 33.72
Wages in Manufacturing 29.92 29.7 31.2 30.12 30.45 34
Minimum Wages 16.5 16.5 18 18 18 20
Population 4.84 4.91 5.1 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 10.9 11.44 11.53 11.22 11.19 11.31
Part Time Employment 554 560 557 558 561 580
Employment Rate 68.3 68.39 68.51 68.62 68.68 68.9
Full Time Employment 2107 2125 2141 2156 2171 2280