New Zealand Unemployment Rate  Forecast 2016-2020

Unemployment Rate in New Zealand is expected to be 5.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in New Zealand to stand at 5.36 in 12 months time. In the long-term, the New Zealand Unemployment Rate is projected to trend around 5.30 percent in 2020, according to our econometric models.

New Zealand Unemployment Rate
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Forecast Actual Q2/17 Q3/17 Q4/17 Q1/18 2020 Unit
Unemployment Rate 5.2 5.1 5 4.9 5 5.2 percent
New Zealand Unemployment Rate Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of New Zealand Unemployment Rate using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - New Zealand Unemployment Rate - was last predicted on Sunday, April 30, 2017.
New Zealand Labour Last Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 5.2 5.1 5 4.9 5 5.2
Employed Persons 2510 2550 2565 2577 2588 2636
Unemployed Persons 139 141 142 142 144 143
Employment Change 0.8 0.82 0.86 0.95 0.9 0.94
Labor Force Participation Rate 70.5 70.67 70.75 70.83 70.9 71.39
Labour Costs 1137 1146 1150 1155 1159 1206
Productivity 167 167 167 167 167 167
Job Vacancies 153 158 161 164 166 170
Job Advertisements 41914 42262 42629 42848 42992 43245
Wages 29.8 30.03 30.13 30.16 30.26 31.04
Wages in Manufacturing 28.71 18.1 -146 12.07 -147 9.5
Minimum Wages 15.75 15.25 15.25 15.25 16 16.75
Population 4.75 4.76 4.78 4.8 4.81 5
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Employment Rate 66.9 67.26 67.29 67.43 67.42 67.58
Part Time Employment 528 532 530 532 531 531
Youth Unemployment Rate 13.6 12.35 12.53 12.96 12.84 12.76
Full Time Employment 1981 2022 2040 2055 2068 2137