New Zealand unemployment rate


New Zealand unemployment rate: 4 (2.56%)
Last Update: December 31, 2023

New Zealand unemployment rate closed down 4 as of December 31, 2023 from 3.9 from the previous month and 4.9 from last year.


New Zealand unemployment rate Analytics & Data




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New Zealand unemployment rate

Date Values
2023-12-31 4
2023-09-30 3.9
2023-06-30 3.6
2023-03-31 3.4
2022-12-31 3.4
2022-09-30 3.3
2022-06-30 3.3
2022-03-31 3.2
2021-12-31 3.2
2021-09-30 3.3
2021-06-30 4
2021-03-31 4.7
2020-12-31 4.9
2020-09-30 5.3
2020-06-30 4
2020-03-31 4.2
2019-12-31 4.1
2019-09-30 4.2
2019-06-30 4
2019-03-31 4.2


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New Zealand unemployment rate Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
unemployment rate nz.unemploymentrate 3.6 3.4 6 -10 Down Down 49 2023-06-30

New Zealand unemployment rate Factors

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What is the New Zealand unemployment rate

**New Zealand Unemployment Rate: Current and Historical Data**

Welcome to our webpage dedicated to providing you with current and historical data on the New Zealand unemployment rate. Here, you will find comprehensive information, trends, signals, analytics, and charts that will help you understand the employment situation in New Zealand and make informed decisions.

**What is the New Zealand Unemployment Rate?**

The New Zealand unemployment rate measures the percentage of the labor force that is unemployed and actively seeking employment. It serves as an essential indicator of the health of the New Zealand economy and provides insight into the employment opportunities and overall economic stability in the country.

When the unemployment rate is low, it generally indicates a strong economy with ample job opportunities. Conversely, a high unemployment rate suggests a weak economy and limited employment prospects. Monitoring the changes in the unemployment rate over time can provide valuable insights into broader economic trends and help predict future economic performance.

**Interpreting the Unemployment Rate**

The New Zealand unemployment rate is commonly used by policymakers, economists, investors, and businesses to assess the state of the labor market and make strategic decisions. Here are some key points to consider when interpreting the unemployment rate:

1. **Trend Analysis:** Look for long-term trends rather than short-term fluctuations. A sustained decrease in the unemployment rate over time indicates a positive job market, while a consistent increase may signal economic challenges.

2. **Comparison to Historical Averages:** Compare the current unemployment rate to historical averages to gain perspective. Understanding whether the current rate is above or below the long-term average can gauge economic performance.

3. **Labor Force Participation Rate:** Take into account changes in the labor force participation rate, which measures the proportion of the working-age population that is either employed or actively seeking employment. Changes in this rate can impact the unemployment rate directly, so it is essential to analyze both figures in conjunction.

4. **Industry-Specific Analysis:** Consider the specific industries experiencing significant changes in employment. Shifts in sector-specific unemployment rates can provide insights into the health and growth potential of various industries.

5. **Demographic Analysis:** Analyze the unemployment rate across different demographic groups, such as age, gender, and ethnicity, to identify disparities and potential underlying issues. This information can assist in targeting policies and initiatives to address specific labor market challenges.

**Export Historical Data and MacroVar Signals for Further Analysis**

To support your in-depth analysis, we offer the ability to export historical data for free, which allows you to conduct your own examination and create customized charts and graphs. This feature empowers you to delve deeper into New Zealand's employment trends and uncover valuable insights for your personal research, academic work, or business planning.

In addition to historical data, we also provide MacroVar signals, trends, and analysis. MacroVar leverages advanced analytics and machine learning techniques to consolidate a vast array of economic indicators, news data, and market sentiment into clear and actionable signals. These signals can help you gauge market sentiment, anticipate economic shifts, and make more informed decisions.

**Conclusion**

The New Zealand unemployment rate is a crucial indicator of economic health, reflecting the percentage of the labor force actively seeking employment. Interpreting the unemployment rate involves analyzing long-term trends, comparing to historical averages, and considering factors such as labor force participation rate, industry-specific changes, and demographic disparities.

On our webpage, you can access current and historical data, trends, signals, analytics, and charts to gain valuable insights into the New Zealand unemployment rate. Additionally, you have the opportunity to export historical data for free and leverage MacroVar signals and trends for further analysis.

Empower yourself with data and analysis to stay ahead of the curve and make informed decisions based on comprehensive understanding of the New Zealand unemployment rate.

New Zealand Financial Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Dow Jones New Zealand NZDOW 305.82 0 -1 -1.61717 47.468 0.00069 -0.00056 0.03136 0.0016
NZX 50 NZ50 11123.1 0 -1 -1.72659 54.2496 0.0041 0.03702 -0.01508 -0.04467
New Zealand ETF ENZL 42.48 -0.5 -1 -2.04517 44.6824 0.02017 0.02091 -0.03213 -0.02591
New Zealand Dollar US Dollar (NZD/USD) NZDUSD 1.6955 0 1 1.44183 48.1944 -0.009 -0.01287 0.01151 0.04428
New Zealand 5-Year Bond Yield NZ.5Y 4.174 -1 -1 -1.21442 22.659 -0.00406 -0.03936 -0.1244 -0.04725
New Zealand 2-Year Bond Yield NZ.2Y 4.411 -1 -1 -1.87427 20.684 -0.03012 -0.04771 -0.15853 -0.08162
New Zealand Yield Curve NZ.YC -0.032 -1 1 3.39144 68.9662 -0.69524 -0.76119 -0.91645 -0.93305
New Zealand Credit Default Swaps CDS.New-Zealand 21.4 -1 -0.75 -0.28115 28.3158 0 0 0 0.37179
New Zealand Macroeconomic Indicators

Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
balance of trade nz.balanceoftrade -1709 -2425 -30 -26 Down UP 47 2023-10-31
bank lending rate nz.banks.lendingrate 12.66 12.62 0 27 UP UP 85 2023-07-31
banks balance sheet nz.banks.bs 703373 704544 -0 1 UP UP 10 2024-02-29
building permits nz.buildingpermits 2919 2541 15 -10 Down Down 28 2024-02-29
business confidence nz.bizconfidence 22.9 34.7 -34 -153 UP UP 14 2024-03-31
capacity utilization nz.caputilization 90.2 91.4 -1 -3 Down Down 0 2024-03-31
capital flows nz.capitalflows 12632 5757 119 77 UP UP 83 2023-12-31
car registrations nz.carregistrations 4993 5062 -1 33 UP UP 83 2024-02-29
central bank balance sheet nz.cb.assets 96408 96548 -0 -8 UP Down 18 2024-02-29
composite pmi nz.comppmi 46.8 50.9 -8 -7 Down Down 31 2024-03-31
consumer confidence nz.consconfidence 93.2 88.9 5 -11 UP Down 22 2024-03-31
consumer price index cpi nz.cpi 1267 1259 1 19 UP UP 98 2024-03-31
core inflation rate nz.coreinflationrate 3.7 4.4 -16 118 Down UP 73 2024-03-31
current account nz.currentaccount -7837 -10974 -29 188 Down Down 85 2023-12-31
current account to gdp nz.currentaccountgdp -6.9 -8.8 -22 123 Down Down 0 2023-01-31
deposit interest rate nz.depositrate 5.43 5.41 0 -1 UP Down 31 2023-08-15
exports nz.exports 5889.54 4816.31 22 -15 UP Down 8 2024-05-31
external debt nz.externaldebt 352682 343073 3 21 UP UP 93 2023-12-31
fiscal expenditure nz.fiscalexp 161822 150956 7 63 UP UP 0 2023-01-31
foreign direct investment nz.fdi 2783 1769 57 4 UP UP 65 2023-12-31
foreign exchange reserves nz.fxreserves 27118 31712 -14 15 Down UP 68 2024-03-31
gdp nz.gdp 247.23 249.89 -1 69 UP UP 0 2022-12-31
Real GDP nz.realgdp 70568 70569 -0 5 UP UP 23 2023-12-31
gdp growth nz.gdpgrowth -0.1 -0.3 -67 -90 Down UP 38 2023-12-31
gdp growth annual nz.gdpgrowthan -0.3 -0.6 -50 -400 Down Down 5 2023-12-31
government budget nz.govbudget -2.7 -1.3 108 -16 Down UP 0 2022-01-31
Government budget nz.govbudgetvalue -9691 -4560 113 53 Down Down 0 2022-01-31
government debt nz.govdebt 155273 128873 20 287 UP UP 0 2023-01-31
government debt to gdp nz.govdebtgdp 35.9 29.8 20 164 UP UP 0 2022-01-31
government revenues nz.govrev 153011 141627 8 90 UP UP 0 2023-01-31
housing index nz.housingindex 2348 2351 -0 2 UP UP 45 2024-03-31
imports nz.imports 7108.83 7190.42 -1 -16 UP Down 10 2023-11-30
industrial production nz.indproduction -3.7 0.2 -1950 -1025 Down Down 7 2023-09-30
inflation cpi nz.inflationcpi 4 4.7 -15 -18 Down Down 40 2024-09-30
interbank rate nz.interbankrate 5.65 5.64 0 0 Down Down 56 2023-08-15
interest rate nz.interestrate 5.5 5.5 0 120 UP UP 67 2023-07-12
loans to private sector nz.loanprivate 134807 133968 1 2 UP UP 25 2024-02-29
manufacturing pmi nz.manpmi 47.1 49.3 -4 -2 UP Down 66 2024-03-31
money supply m0 nz.msm0 8973 9000 -0 -1 Down Down 4 2024-02-29
money supply m1 nz.msm1 115776 116733 -1 -6 Down Down 24 2024-02-29
money supply m3 nz.msm3 407684 408324 -0 3 UP UP 17 2024-02-29
Producer Price Index nz.producerprices 1397 1387 1 20 UP UP 100 2023-12-31
retail sales MoM nz.retailsales -1.9 -0.8 137 -14 Down UP 58 2023-12-31
retail sales nz.retailsalesan -4.1 -3.4 21 -187 Down Down 20 2023-12-31
services pmi nz.servpmi 47.5 52.6 -10 -12 Down Down 18 2024-03-31
unemployment rate nz.unemploymentrate 3.6 3.4 6 -10 Down Down 49 2023-06-30
youth unemployment rate nz.ytunemploymentrate 12.1 11.9 2 -14 UP Down 16 2023-03-31
Money Supply M2 nz.msm2 150882 153357 -2 2 Down UP 3 2017-01-31