New Zealand Unemployment Rate  1985-2016 | Data | Chart | Calendar

New Zealand unemployment rate fell to 5.3 percent in the three months to December of 2015, from 6.0 percent in the previous period, well below market forecast of 6.1 percent. It was the lowest rate since March of 2009, as the number of unemployed went down by 10.9 percent while employment increased by 0.9 percent. Unemployment Rate in New Zealand averaged 6.26 percent from 1985 until 2015, 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.

New Zealand Unemployment Rate
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Actual Previous Highest Lowest Dates Unit Frequency
5.30 6.00 11.20 3.50 1985 - 2015 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. New Zealand Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-08-04 11:45 PM Q2 5.9% 5.8% 5.9% 6%
2015-11-03 09:45 PM Q3 6% 5.9% 6.0% 5.9%
2016-02-02 09:45 PM Q4 5.3% 6% 6.1% 6%
2016-05-03 10:45 PM Q1 5.3% 5.3%
2016-08-02 10:45 PM Q2 5%
2016-11-01 09:45 PM Q3 4.9%

New Zealand Jobless Rate at Near 7-Year Low in Q4


New Zealand unemployment rate fell to 5.3 percent in the three months to December of 2015, from 6.0 percent in the previous period, well below market forecast of 6.1 percent. It was the lowest rate since March of 2009, as the number of unemployed went down by 10.9 percent while employment increased by 0.9 percent.

The unemployment rate decreased to 5.3 percent in the December 2015 quarter (down from 6.0 percent), Statistics New Zealand said today. This is the lowest unemployment rate since March 2009. There were 16,000 fewer people unemployed than in the September 2015 quarter.

“Although the number of employed people has risen, there was also growth in the number of people not participating in the labour market,” Ms Ramsay said. “This has contributed to labour force participation falling for the third quarter in a row.”

Over the December quarter, employment grew 0.9 percent, after falling in the previous quarter. This has resulted in annual employment growth of 1.3 percent.

“Employment has been especially strong for 20- to 29-year-olds, with 26,800 more people employed in this age group over the year”. “There were also just over 23,000 more people employed in Auckland over the year. The largest rise in employment was within Auckland’s construction industry.”

Annual wage inflation, as measured by the labour cost index, eased to 1.5 percent, the lowest since the year to the March 2010 quarter. This compares with low annual consumer price inflation of 0.1 percent.

Statistics New Zealand | Yekaterina Guchshina | yekaterina@tradingeconomics.com
2/2/2016 10:23:43 PM

New Zealand Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.30 6.00 11.20 3.50 percent [+]
Employed Persons 2369.00 2347.00 2369.00 1500.00 Thousand [+]
Unemployed Persons 133.00 151.00 189.00 69.00 Thousand [+]
Employment Change 0.90 -0.50 1.70 -1.80 percent [+]
Labor Force Participation Rate 68.40 68.60 69.50 63.00 percent [+]
Productivity 171.00 166.10 171.00 117.96 Index Points [+]
Labour Costs 1119.00 1114.00 1119.00 699.62 Index Points [+]
Job Vacancies 128.80 128.80 128.80 55.20 Index Points [+]
Job Advertisements 38198.00 37702.00 55215.00 21288.00 [+]
Wages 29.31 29.04 29.31 13.07 NZD/Hour [+]
Wages in Manufacturing 3382.74 3320.58 3382.74 1638.97 NZD Million/Quarter [+]
Minimum Wages 14.75 13.75 14.25 10.25 NZD/Hour [+]
Population 4.51 4.42 4.51 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 [+]




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