New Zealand Unemployment Rate

Unemployment Rate in New Zealand remained unchanged at 6 percent in the first quarter of 2014 from 6 percent in the fourth quarter of 2013. Unemployment Rate in New Zealand averaged 6.29 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.

   
 
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New Zealand Unemployment Rate


Actual Previous Highest Lowest Dates Unit Frequency
6.00 6.00 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.


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.

The labour force participation rate increased 0.4 percentage points, to 69.3 percent. The rise in participation is on the back of more people in work, while the number of people looking for work remained unchanged at 147 thousand.

The employment rate rose 0.4 percentage points, to 65.1 percent and the number of people employed increased by 22,000 people. Annually, the number of people employed rose 3.7 percent. Demand for workers from established businesses rose 2.6 percent.

Annual wage inflation, as measured by the labour cost index salary and wage rates (including overtime), was 1.6 percent. This compares with annual consumer price inflation of 1.5 percent. Average ordinary time hourly earnings rose 2.5 percent over the year.

Statistics New Zealand | Joana Taborda | joana.taborda@tradingeconomics.com
5/7/2014 12:01:33 AM


Recent Releases

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

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


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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% 6.0% 5.9% 5.9%


Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.00 6.00 11.20 3.50 Percent [+]
Employed Persons 2318.00 2297.00 2318.00 1500.00 Thousand [+]
Employment Change 0.91 1.06 1.67 -1.72 Percent [+]
Unemployed Persons 147.00 147.00 189.00 69.00 Thousand [+]
Productivity 121.39 120.92 122.40 88.02 Index Points [+]
Labor Force Participation Rate 69.30 68.90 69.30 63.00 Percent [+]
Wages 28.20 28.03 28.20 13.07 NZD [+]
Wages in Manufacturing 3227.35 3278.69 3278.69 1638.96 NZD Million [+]
Labour Costs 1087.00 1083.00 1087.00 699.62 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 [+]





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