New Zealand Unemployment Rate 1985-2014 | Data | Chart | Calendar

Unemployment Rate in New Zealand decreased to 5.40 percent in the third quarter of 2014 from 5.60 percent in the second quarter of 2014. Unemployment Rate in New Zealand averaged 6.27 Percent from 1985 until 2014, reaching an all time high of 11.20 Percent in the third quarter of 1991 and a record low of 3.50 Percent in the fourth quarter of 2007. Unemployment Rate in New Zealand is reported by the Statistics New Zealand.

   
  Forecast  

New Zealand Unemployment Rate


Actual Previous Highest Lowest Dates Unit Frequency
5.40 5.60 11.20 3.50 1985 - 2014 percent Quarterly
In New Zealand, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - New Zealand Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - New Zealand Unemployment Rate - was last refreshed on Monday, November 24, 2014.


New Zealand Unemployment Rate Falls in Q3


New Zealand jobless rate decreased to 5.4 percent in the third quarter of 2014 from 5.6 percent in the previous period. It is the lowest rate in more than five years.

"Due to strong migration, we have had the largest annual rise in the population in 10 years,” labour market and households statistics manager Diane Ramsay said. “We had 72,000 more people employed over the year, greater than the additional 64,000 people in the population. This pushed our employment rate up, to 65.2 of every 100 adults being in employment.”

While employment has grown strongly, the picture for wages is mixed,” Ms Ramsay said. Annual wage inflation was 1.6 percent, as measured by the labour cost index (LCI). This is in line with the past four quarters. Although private sector wage inflation was 1.9 percent, growth in pay rates for the public sector has slowed to 1.0 percent.

The number of people employed has grown 3.2 percent since September 2013. Demand for workers from established businesses rose 3.0 percent – the largest annual increase in over six years.

The construction industry accounted for almost half the annual employment growth. Just over 40 percent of the growth in this industry was in Canterbury, with a further 17 percent being in Auckland.


Statistics New Zealand | Joana Taborda | joana.taborda@tradingeconomics.com
11/4/2014 11:06:51 PM


Recent Releases

New Zealand Unemployment Rate Unchanged at 6%
In the first quarter of 2014, New Zealand jobless rate remained unchanged at 6 percent. The labour force participation and employment rates both increased 0.4 percentage points over the quarter, with growth seen across a number of regions, industries, and demographics. Published on 2014-05-07

New Zealand Unemployment Rate Falls in Q4 2013
In the fourth quarter of 2013, New Zealand jobless rate decreased to 6 percent from 6.2 percent in the previous quarter. There were 24,000 more people employed, following an additional 28,000 in the September quarter. Published on 2014-02-04


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-05-06 11:45 PM
Unemployment Rate  Q1 2014
6.0% 6.0% 5.9% 5.9%
2014-08-05 11:45 PM
Unemployment Rate  Q2 2014
5.6% 6.0% 5.8% 5.8%
2014-11-04 09:45 PM
Unemployment Rate  Q3 2014
5.4% 5.6% 5.4% 5.5%
2015-02-04 11:45 PM
Unemployment Rate  Q4 2014
5.4% 5.2%


New Zealand Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.40 5.60 11.20 3.50 percent [+]
Employed Persons 2346.00 2328.00 2346.00 1500.00 Thousand [+]
Employment Change 0.80 0.50 1.67 -1.72 percent [+]
Unemployed Persons 134.00 138.00 189.00 69.00 Thousand [+]
Productivity 121.29 121.26 122.40 88.02 Index Points [+]
Labor Force Participation Rate 69.00 68.90 69.20 63.00 percent [+]
Wages 28.66 28.25 28.66 13.07 NZD [+]
Wages in Manufacturing 3291.50 3227.35 3291.50 1638.96 NZD Million [+]
Labour Costs 1096.00 1092.00 1096.00 699.62 Index Points [+]
Population 4.50 4.45 4.50 2.37 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]


Unemployment Rate Reference Previous Highest Lowest Unit
Australia 6.20 Oct/14 6.20 10.90 4.00 percent [+]
Brazil 4.70 Oct/14 4.90 13.10 4.30 percent [+]
Canada 6.50 Oct/14 6.80 13.10 2.90 percent [+]
China 4.10 Sep/14 4.10 4.30 3.90 percent [+]
Euro Area 11.50 Sep/14 11.50 12.00 7.20 percent [+]
France 10.20 May/14 10.10 10.80 7.20 percent [+]
Germany 5.00 Sep/14 5.00 14.20 0.40 percent [+]
India 5.20 Dec/12 6.30 9.40 5.20 percent [+]
Indonesia 5.94 Aug/14 5.70 11.24 2.00 percent [+]
Italy 12.60 Sep/14 12.50 12.80 5.90 percent [+]
Japan 3.60 Sep/14 3.50 5.60 1.00 percent [+]
Mexico 5.08 Sep/14 5.18 5.93 2.22 percent [+]
Netherlands 8.00 Oct/14 8.00 8.80 3.40 percent [+]
Russia 5.10 Oct/14 4.90 14.10 4.80 percent [+]
South Korea 3.50 Oct/14 3.50 7.10 2.90 percent [+]
Spain 23.67 Aug/14 24.47 26.94 4.41 percent [+]
Switzerland 3.10 Oct/14 3.00 5.40 1.60 percent [+]
Turkey 10.10 Aug/14 9.80 16.10 8.00 percent [+]
United Kingdom 6.00 Sep/14 6.00 12.00 3.40 percent [+]
United States 5.80 Oct/14 5.90 10.80 2.50 percent [+]