New Zealand Unemployment Rate  1985-2017 | Data | Chart | Calendar

New Zealand's unemployment rate increased to 5.2 percent in the fourth quarter of 2016 from 4.9 percent in the previous period, worse than market expectations of 4.8 percent. It was the highest unemployment rate since the March quarter of 2016, as the number of unemployed rose by 7.6 percent while employment went up 0.8 percent. The labour force participation rate increased to an all-time high of 70.5 percent. Unemployment Rate in New Zealand averaged 6.12 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.

New Zealand Unemployment Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-08-16 10:45 PM Q2 5.1% 5.2% 5.3% 5.7%
2016-11-01 09:45 PM Q3 4.9% 5.0% 5.1% 5.2%
2017-01-31 09:45 PM Q4 5.2% 4.9% 4.8% 4.9%
2017-05-03 10:45 PM Q1 5.2% 4.7%
2017-08-16 10:45 PM Q2 4.8%
2017-11-01 09:45 PM Q3 4.7%




New Zealand Jobless Rate Rises To 5.2% In Q4


New Zealand's unemployment rate increased to 5.2 percent in the fourth quarter of 2016 from 4.9 percent in the previous period, worse than market expectations of 4.8 percent. It was the highest jobless rate since the March quarter of 2016, as a large number of people entered the labour force and employment increased less than unemployment.

The number of unemployed persons rose by 7.6 percent or by 10,000 people to 139,000. Over the quarter 3,000 more men and 7,000 more women were unemployed. As a result, the unemployment rate for men increased to 4.8 percent (up 0.1 percentage points) and for women, to 5.7 percent (up 0.5 percentage points).

Employment went up by 0.8 percent or by 19,000 to 2.51 million people. This followed a 1.3 percent increase in employment in the September 2016 quarter. Full-time employment rose 1.6 percent, with an extra 32,000 people being employed full-time. In contrast, part-time employment fell 2.2 percent, down 12,000 people.

The retail trade, accommodation, and food services industry was the largest contributor to employment growth over the latest quarter. This was followed closely by the construction and the professional services industries.

The labour force participation rate increased 0.4 percentage points over the latest quarter, to reach an all-time high of 70.5 percent. The number of people participating in the labour force, at 2.649 million, increased by 1.1 percent (up 29,000 people), with both men and women contributing to this.

Annual wage inflation, as measured by the labour cost index, was 1.6 percent in the December 2016 quarter. Annual wage inflation has been 1.5 to 1.6 percent for the last seven quarters.

Statistics New Zealand | Luísa Carvalho | luisa.carvalho@tradingeconomics.com
2/1/2017 1:00:03 PM



New Zealand Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.20 4.90 11.20 3.30 percent [+]
Employed Persons 2510.00 2494.00 2510.00 1499.00 Thousand [+]
Unemployed Persons 139.00 128.00 189.00 69.00 Thousand [+]
Employment Change 0.80 1.40 2.40 -1.80 percent [+]
Labor Force Participation Rate 70.50 70.10 70.50 63.00 percent [+]
Labour Costs 1137.00 1132.00 1137.00 699.62 Index Points [+]
Productivity 167.96 167.02 171.61 117.96 Index Points [+]
Job Vacancies 143.90 145.80 145.80 55.20 Index Points [+]
Job Advertisements 41656.18 41543.86 55192.06 21292.68 [+]
Wages 29.80 29.84 29.84 13.07 NZD/Hour [+]
Wages in Manufacturing 28.71 28.67 3382.74 28.21 NZD Million/Quarter [+]
Minimum Wages 15.75 15.25 15.75 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 [+]
Employment Rate 66.90 66.70 66.90 56.40 percent [+]
Part Time Employment 528.00 542.00 542.00 264.00 Thousand [+]
Youth Unemployment Rate 11.10 10.80 15.30 10.30 percent [+]
Full Time Employment 1981.00 1950.00 1981.00 1177.00 Thousand [+]



New Zealand Unemployment Rate Notes

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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
5.20 4.90 11.20 3.30 1985 - 2016 percent Quarterly



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