New Zealand Unemployment Rate  Forecast 2016-2020

Unemployment Rate in New Zealand is expected to be 5.10 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 5.00 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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Forecast Actual Q2/17 Q3/17 Q4/17 Q1/18 2020 Unit
Unemployment Rate 4.9 5.1 5 4.9 5 5.2 percent
New Zealand Unemployment Rate Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of New Zealand Unemployment Rate using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - New Zealand Unemployment Rate - was last predicted on Monday, June 26, 2017.
New Zealand Labour Last Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 4.9 5.1 5 4.9 5 5.2
Employed Persons 2539 2557 2573 2588 2600 2658
Unemployed Persons 132 137 136 135 137 136
Employment Change 1.2 0.87 0.89 0.98 0.91 0.96
Labor Force Participation Rate 70.6 70.69 70.78 70.86 70.93 71.44
Labour Costs 1141 1145 1150 1154 1158 1203
Productivity 164 165 165 164 165 165
Job Vacancies 152 151 152 153 153 155
Job Advertisements 41779 42827 42887 43188 43316 43573
Wages 29.96 30.09 30.2 30.23 30.37 31.29
Wages in Manufacturing 29.22 193 37.18 185 41.37 183
Minimum Wages 15.75 15.25 15.25 15.25 16 16.75
Population 4.75 4.76 4.78 4.8 4.81 5
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Employment Rate 67.1 67.24 67.32 67.43 67.46 67.6
Part Time Employment 546 543 541 546 541 544
Youth Unemployment Rate 12.8 12.15 12.4 12.7 12.56 12.52
Full Time Employment 1992 2006 2018 2027 2036 2077