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

New Zealand's unemployment rate fell to 4.9 percent in the third quarter of 2016 from a downwardly revised 5.0 percent in the previous quarter, better than market expectations of 5.1 percent. It was the lowest unemployment rate since the December 2008 quarter, as the number of unemployed declined by 2.2 percent while employment grew by 1.4 percent. 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.

New Zealand Unemployment Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 4.9% 5.0% 5.1% 5.2%
2017-02-02 09:45 PM Q4
2017-05-03 10:45 PM Q1
2017-08-16 10:45 PM Q2




New Zealand Jobless Rate Falls to Nearly 8-Year Low in Q3


New Zealand's unemployment rate fell to 4.9 percent in the third quarter of 2016 from a downwardly revised 5.0 percent in the previous quarter, better than market expectations of 5.1 percent. It was the lowest unemployment rate since the December 2008 quarter, as the number of unemployed declined by 2.2 percent while employment grew by 1.4 percent.

The unemployment rate fell to 4.9 percent in the September 2016 quarter (from a revised 5.0 percent in the previous quarter), Statistics New Zealand said today. This is the lowest unemployment rate since the December 2008 quarter. There were 3,000 fewer people unemployed than in the June 2016 quarter and 10,000 fewer over the year.

“The number of people employed in New Zealand was up 35,000, or 1.4 percent, in the September 2016 quarter,” labour and income statistics manager Mark Gordon said. “This strong growth in employment, coupled with fewer unemployed people, pushed the unemployment rate below 5.0 percent for the first time in nearly eight years.”

The working-age population increased by 24,000 people (0.7 percent) over the quarter, to reach 3,739,000.

“The increase in the number of people employed again exceeded population growth over the latest quarter. This resulted in the employment rate increasing 0.5 percentage points, so currently 66.7 percent of the working-age population is in some form of employment,” Mr Gordon said.

The rental, hiring, and real estate services industry had a significant increase in unadjusted employment over the quarter, with 5,000 more people employed. Significant increases for this industry occurred in the Auckland, Wellington, and Manawatu-Wanganui regions.

Over the quarter the underutilisation rate fell 0.5 percentage points, to 12.2 percent. This reflects 13,000 fewer people being underutilised. Underutilisation is a measure of potential labour supply and unmet needs for work. A fall in the number of female 'available potential jobseekers', (down 8,600) drove the decrease. These are people who are available and want to work, but are not actively seeking work.

Annual wage inflation, as measured by the labour cost index, increased to 1.6 percent. Private sector wage inflation remained at 1.6 percent while for the public sector it increased to 1.7 percent. The increase in the public sector was influenced by collective agreements for nurses, primary teachers, and the police. This had the effect of making wage inflation higher in the public than the private sector for the first time since the June 2010 quarter.

Statistics New Zealand | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/1/2016 9:59:55 PM



New Zealand Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.90 5.00 11.20 3.30 percent [+]
Employed Persons 2494.00 2460.00 2494.00 1499.00 Thousand [+]
Unemployed Persons 128.00 131.00 189.00 69.00 Thousand [+]
Employment Change 1.40 2.40 2.40 -1.80 percent [+]
Labor Force Participation Rate 70.10 69.70 70.10 63.00 percent [+]
Labour Costs 1132.00 1127.00 1132.00 699.62 Index Points [+]
Productivity 167.02 169.04 171.61 117.96 Index Points [+]
Job Vacancies 142.10 138.40 142.10 55.20 Index Points [+]
Job Advertisements 41656.18 41543.86 55192.06 21292.68 [+]
Wages 29.84 29.67 29.84 13.07 NZD/Hour [+]
Wages in Manufacturing 28.67 28.35 3382.74 28.21 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 [+]
Employment Rate 66.70 66.20 66.70 56.40 percent [+]
Full Time Employment 1950.00 1944.00 1950.00 1177.00 Thousand [+]
Youth Unemployment Rate 11.10 10.80 15.30 10.30 percent [+]
Part Time Employment 542.00 520.00 542.00 264.00 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
4.90 5.00 11.20 3.30 1985 - 2016 percent Quarterly



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Iran 12.20 Jun/16
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Georgia 12.00 Dec/15
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Brazil 11.80 Oct/16
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Mali 8.20 Dec/14
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Finland 8.10 Oct/16
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Central African Republic 7.60 Dec/12
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Bolivia 7.40 Dec/13
Honduras 7.30 Dec/15
Ireland 7.30 Nov/16
Venezuela 7.30 Apr/16
Lithuania 7.20 Sep/16
Oman 7.20 Dec/14
Mauritius 7.10 Jun/16
Uruguay 7.10 Oct/16
Comoros 7.00 Dec/12
El Salvador 7.00 Dec/14
Brunei 6.90 Dec/14
Togo 6.90 Dec/13
Canada 6.80 Nov/16
Haiti 6.80 Dec/14
Nicaragua 6.80 Dec/14
Ecuador 6.70 Sep/16
Swaziland 6.70 Dec/13
Burkina Faso 6.60 Dec/14
Malawi 6.60 Dec/13
Chile 6.40 Oct/16
Lebanon 6.40 Dec/14
Sweden 6.40 Oct/16
Luxembourg 6.30 Oct/16
Peru 6.20 Oct/16
Pakistan 5.90 Dec/15
Romania 5.80 Oct/16
Saudi Arabia 5.70 Sep/16
Indonesia 5.61 Sep/16
Australia 5.60 Oct/16
Cayman Islands 5.60 Dec/15
Chad 5.60 Dec/13
Netherlands 5.60 Oct/16
Panama 5.60 Dec/16
Philippines 5.40 Sep/16
Russia 5.40 Oct/16
Ivory Coast 5.30 Dec/13
Ghana 5.20 Dec/13
Azerbaijan 5.00 Dec/15
Czech Republic 5.00 Oct/16
India 4.90 Dec/13
Kazakhstan 4.90 Oct/16
Malta 4.90 Jun/16
New Zealand 4.90 Sep/16
Norway 4.80 Sep/16
United Kingdom 4.80 Sep/16
Hungary 4.70 Oct/16
Sri Lanka 4.60 Jun/16
United States 4.60 Nov/16
Israel 4.50 Oct/16
Bangladesh 4.30 Dec/14
Denmark 4.20 Oct/16
Seychelles 4.20 Dec/15
United Arab Emirates 4.20 Dec/12
Germany 4.10 Oct/16
North Korea 4.10 Dec/14
China 4.04 Sep/16
Myanmar 4.02 Dec/13
Cameroon 4.00 Dec/13
Taiwan 3.90 Oct/16
Liberia 3.80 Dec/14
Trinidad and Tobago 3.80 Mar/16
Uganda 3.80 Dec/13
Bahrain 3.70 Dec/12
Mexico 3.70 Oct/16
South Korea 3.70 Oct/16
Malaysia 3.50 Sep/16
Hong Kong 3.40 Oct/16
Sierra Leone 3.30 Dec/14
Switzerland 3.20 Oct/16
Guatemala 3.10 Jun/16
Japan 3.00 Oct/16
Nepal 3.00 Dec/14
Iceland 2.90 Oct/16
Moldova 2.90 Sep/16
Bhutan 2.60 Dec/15
Papua New Guinea 2.50 Dec/14
Cuba 2.40 Dec/15
Liechtenstein 2.40 Dec/15
Tajikistan 2.30 Sep/16
Niger 2.25 Dec/08
Kuwait 2.20 Dec/15
Kyrgyzstan 2.20 Oct/16
Singapore 2.10 Sep/16
Vietnam 2.06 Jun/16
Macau 1.90 Oct/16
Guinea 1.70 Dec/13
Laos 1.40 Dec/14
Madagascar 1.20 Dec/12
Thailand 1.20 Oct/16
Belarus 1.00 Dec/15
Benin 1.00 Dec/13
Cambodia 0.50 Dec/15
Qatar 0.20 Dec/15