New Zealand's unemployment rate edged up to 3.3 percent in the second quarter of 2022 from a record low of 3.2 percent in the previous quarter, above market expectations of 3.1 percent. "Measures of spare labour market capacity have fallen over the year and remained low for several quarters, continuing to show a tight labour market,” work and wellbeing statistics senior manager Becky Collett said. The seasonally adjusted number of unemployed people went up by 2 thousand in the June 2022 quarter to 96 thousand. Meanwhile, the employment rate decreased by 0.1 percentage points to 68.5 percent, and the labour force participation rate edged down to 70.8 percent from 70.9 percent. The underutilization rate was 9.2 percent, down slightly from 9.3 percent in the previous period. source: Statistics New Zealand

Unemployment Rate in New Zealand averaged 5.85 percent from 1985 until 2022, reaching an all time high of 11.20 percent in the third quarter of 1991 and a record low of 3.20 percent in the fourth quarter of 2021. This page provides - New Zealand Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Unemployment Rate in New Zealand is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Unemployment Rate is projected to trend around 3.20 percent in 2023, according to our econometric models.

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New Zealand Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-03 10:45 PM Q1 3.2% 3.2% 3.2% 3.1%
2022-08-02 10:45 PM Q2 3.3% 3.2% 3.1% 3.1%
2022-11-02 09:45 PM Q3 3.3%


Related Last Previous Unit Reference
Unemployment Rate 3.30 3.20 percent Jun 2022
Unemployed Persons 96.00 94.00 Thousand Jun 2022
Employed Persons 2820.00 2820.00 Thousand Jun 2022
Employment Change 0.00 0.00 percent Jun 2022
Labor Force Participation Rate 70.80 70.90 percent Jun 2022
Labour Costs 1291.00 1275.00 points Jun 2022
Productivity 127.41 127.23 points Mar 2022
Wages 37.04 36.24 NZD/Hour Jun 2022
Wages in Manufacturing 35.25 34.17 NZD/Hour Jun 2022
Population 5.12 5.10 Million Dec 2021
Youth Unemployment Rate 9.10 9.59 percent Jun 2022
Part Time Employment 525.00 547.00 Thousand Jun 2022
Full Time Employment 2297.00 2277.00 Thousand Jun 2022
Employment Rate 68.50 68.60 percent Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.20 11.20 3.20 1985 - 2022 percent Quarterly

News Stream
New Zealand Jobless Rate Ticks Up in Q2
New Zealand's unemployment rate edged up to 3.3 percent in the second quarter of 2022 from a record low of 3.2 percent in the previous quarter, above market expectations of 3.1 percent. "Measures of spare labour market capacity have fallen over the year and remained low for several quarters, continuing to show a tight labour market,” work and wellbeing statistics senior manager Becky Collett said. The seasonally adjusted number of unemployed people went up by 2 thousand in the June 2022 quarter to 96 thousand. Meanwhile, the employment rate decreased by 0.1 percentage points to 68.5 percent, and the labour force participation rate edged down to 70.8 percent from 70.9 percent. The underutilization rate was 9.2 percent, down slightly from 9.3 percent in the previous period.
2022-08-02
NZ Unemployment Rate Unchanged at All-time Low
New Zealand's unemployment rate remained unchanged at an all-time low of 3.2 percent in the first quarter of 2022, in line with market expectations. The employment rate decreased to 68.6 percent from 68.8 percent the previous quarter, as population growth outpaced the rise in employment. The number of employed people remained steady over the quarter, rising by 2,000 people to 2,826,000. The labour force participation rate was 70.9 percent, down slightly from 71.1 percent. Meanwhile, the underutilization rate was 9.3 percent, up slightly from 9.2 percent, primarily from growth in available potential jobseekers – those who want and are available to work, but not currently looking.
2022-05-03
NZ Jobless Rate Renews All-Time Low
New Zealand's unemployment rate decreased to an all-time low of 3.2 percent in the fourth quarter of 2021, from 3.4 percent in the previous quarter, and below market expectations of 3.4 percent. “The labour market continued to show the tightness we saw in the September 2021 quarter, with both unemployment and underutilisation rates remaining low,” work and wellbeing statistics senior manager Becky Collett said. The seasonally adjusted number of employed people remained relatively steady over the quarter, rising by 3,000 people to 2,831,000. The labor force participation rate edged down to 71.1 percent from 71.2 percent.
2022-02-01