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

The jobless rate in New Zealand fell to 5.1 percent in the second quarter of 2016 from a downwardly revised 5.2 percent in the previous period and below market expectations of 5.3 percent. Employment increased by 2.4 percent, partially reflecting improvements to the Household Labour Force Survey, including better identification of self-employed people. Unemployment Rate in New Zealand averaged 6.13 percent from 1985 until 2016, reaching an all time high of 11.20 percent in the third quarter of 1991 and a record low of 3.30 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
5.10 5.20 11.20 3.30 1985 - 2016 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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-02 09:45 PM Q4 5.3% 6% 6.1% 6%
2016-05-03 10:45 PM Q1 5.7% 5.4% 5.5% 5.3%
2016-08-16 10:45 PM Q2 5.1% 5.2% 5.3% 5.7%
2016-11-01 09:45 PM Q3 5.1% 5.2%

New Zealand Unemployment Rate Down to 5.1% in Q2


The jobless rate in New Zealand fell to 5.1 percent in the second quarter of 2016 from a downwardly revised 5.2 percent in the previous period and below market expectations of 5.3 percent. Employment increased by 2.4 percent, partially reflecting improvements to the Household Labour Force Survey, including better identification of self-employed people.

The number of unemployed persons declined by 1 percent to 131 thousand and employment increased to 2460 thousand. The working age population went up by 0.9 percent to 3716 thousand. The employment rate reached 66.2 percent (+1 percent) and the labour force participation rate also went up to 69.7 percent.
 
A year earlier, the unemployment rate was higher at 5.5 percent
 
Wage inflation was 0.4 percent: private sector wage inflation was 0.4 percent, and the public sector one was lower at 0.2 percent.

Statistics New Zealand | Joana Taborda | joana.taborda@tradingeconomics.com
8/17/2016 12:04:39 AM

New Zealand Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.10 5.20 11.20 3.30 percent [+]
Employed Persons 2460.00 2402.00 2460.00 1499.00 Thousand [+]
Unemployed Persons 131.00 132.00 189.00 69.00 Thousand [+]
Employment Change 2.40 1.40 2.40 -1.80 percent [+]
Labor Force Participation Rate 69.70 68.80 69.70 63.00 percent [+]
Labour Costs 1127.00 1123.00 1127.00 699.62 Index Points [+]
Productivity 169.04 171.61 171.61 117.96 Index Points [+]
Job Vacancies 135.60 135.40 137.20 55.20 Index Points [+]
Job Advertisements 40305.16 39732.67 55215.00 21288.00 [+]
Wages 29.67 29.48 29.67 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 4.60 4.51 4.60 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 [+]
Full Time Employment 1944.00 1875.00 1944.00 1177.00 Thousand [+]
Part Time Employment 520.00 522.00 522.00 264.00 Thousand [+]




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