New Zealand Unemployment Rate

Unemployment Rate in New Zealand decreased to 6 percent in the fourth quarter of 2013 from 6.20 percent in the third quarter of 2013. Unemployment Rate in New Zealand is reported by the Statistics New Zealand. Unemployment Rate in New Zealand averaged 6.29 Percent from 1985 until 2013, 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. 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. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
6.00 6.20 11.20 3.50 5.90 | 2014/03 1985 - 2013 Percent Quarterly

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New Zealand Unemployment Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-05-08 11:45 PM New Zealand
Unemployment Rate
Q1 2013 6.2% 6.8% (R) 6.8%
2013-08-06 11:45 PM New Zealand
Unemployment Rate
Q2 2013 6.4% 6.2% 6.3% 6%
2013-11-05 09:45 PM New Zealand
Unemployment Rate
Q3 2013 6.2% 6.4% 6.3% 6.4%
2014-02-04 09:45 PM New Zealand
Unemployment Rate
Q4 2013 6.0% 6.2% 6.0% 6.2%
2014-05-06 11:45 PM New Zealand
Unemployment Rate
Q1 2014 6.0% 5.9%
[+]

Labour Last Previous Highest Lowest Forecast Unit
Employment Change 1.06 2013-11-15 1.20 1.67 -1.72 1.21 2014-03-31 Percent [+]
Employed Persons 2297.00 2013-11-15 2273.00 2297.00 1500.00 2314.62 2014-03-31 Thousand [+]
Labour Costs 1083.00 2013-11-15 1079.00 1083.00 699.62 1086.46 2014-03-31 Index Points [+]
Labor Force Participation Rate 68.90 2013-11-15 68.60 69.20 63.00 68.95 2014-03-31 Percent [+]
Productivity 121.12 2013-11-15 121.69 122.78 86.76 121.48 2014-03-31 Index Points [+]
Unemployed Persons 147.00 2013-11-15 149.00 189.00 69.00 143.17 2014-03-31 Thousand [+]
Wages 28.03 2013-11-15 27.99 28.03 13.07 28.21 2014-03-31 NZD [+]
Wages in Manufacturing 3278.69 2013-11-15 3054.90 3278.69 1638.96 3207.50 2014-03-31 NZD Million [+]
Retirement Age Men 65.00 2013-01-01 65.00 65.00 65.00 65.00 2013-12-31 [+]
Retirement Age Women 65.00 2013-01-01 65.00 65.00 65.00 65.00 2013-12-31 [+]
Population 4.50 2013-12-31 4.45 4.50 2.37 4.51 2014-12-31 Million [+]
Unemployment Rate 6.00 2013-12-31 6.20 11.20 3.50 5.90 2014-03-31 Percent [+]
[+]


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.

In the December 2013 quarter compared with the September 2013 quarter, the number of filled jobs rose 0.4 percent.
Average ordinary-time hourly earnings rose 0.2 percent, to reach $28.03.
Average ordinary-time weekly earnings (for full-time equivalent jobs) rose 0.5 percent, to reach $1,053.77.

Compared with the same quarter of 2012, the number of filled jobs rose 1.9 percent.
Unadjusted, average ordinary-time hourly earnings rose 2.9 percent.
Average ordinary-time weekly earnings (by FTE) rose 2.8 percent.

Statistics New Zealand | Joana Taborda | joana.taborda@tradingeconomics.com
2/4/2014 10:04:38 PM

RECENT RELEASES

New Zealand Unemployment Rate Down to 6.2% in Q3
New Zealand employment rate rose to 64.4 percent and the unemployment rate fell to 6.2 percent in the third quarter of 2013. Published on 2013-11-05

New Zealand Unemployment Rate Up to 6.4% in Q2
In the second quarter of 2013, New Zealand unemployment rate reached 6.4 percent, up from 6.2 percent in the first three months of 2013, but down from 6.8 percent a year ago. Yet, unemployment rate is still below 2012’s average rate of 6.9 percent and employment slightly went up 0.4 percent, the second quarterly increase in a row, after a fall in 2012. Published on 2013-08-07


Unemployment Rate | Notes
The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment.


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