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Main Indicator: Unemployment Rate
Most Recent Release
|
Actual | Forecast | Previous | Revised Form | |
| 3.9% | 3.8% | 3.7% | 3.6% | ||
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For 2nd Quarter
Employment Change q/q: 1.2%, forecast 0.1%, pr. -1.3% (1Q), 0.9% (4Q) See "Employment Change q/q" above for commentary. |
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Table of Past Data
| 11/8 | 2/7 | 5/9 | 8/8 | 11/7 | 2/6 | 5/7 | 8/6 | ||||
| Actual | 3.80% | 3.70% | 3.8% | 3.6% | 3.5% | 3.4% | 3.6% | 3.9% | |||
| Forecast | 3.70% | 3.80% | 3.8% | 3.7% | 3.6% | 3.6% | 3.5% | 3.8% | |||
| Previous | 3.60% | 3.80% | 3.7% | 3.8% | 3.6% | 3.5% | 3.4% | 3.7% | |||
| Revised From | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 3.6% | |||
Past Releases
|
Actual | Forecast | Previous | Revised Form | |
| 3.6% | 3.5% | 3.4% | N/A | ||
|
For 1st Quarter
Employment Change q/q: -1.3%, forecast =0.1%, pr 0.9% (rev from 1.1) The New Zealand Dollar weakened after the unemployment rate and employment change came in lower than forecast. Highlights from the Release:
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|
Actual | Forecast | Previous | Revised Form | |
| 3.4% | 3.6% | 3.5% | N/A | ||
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For 4th Quarter
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|
Actual | Forecast | Previous | Revised Form | |
| 3.5% | 3.6% | 3.6% | N/A | ||
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3rd Q. The September Quarters unemployment rate was the lowest since the measurement method was adopted in 1986. The abundant employment is keeping inflationary pressures down. |
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|
Actual | Forecast | Previous | Revised Form | |
| 3.6% | 3.7% | 3.8% | N/A | ||
| Also in the employment report for June quarter, Statistics New Zealand posted an increase of 0.8% in hourly earnings to $22.81 NZD. Earnings growth was driven by growth in property and business services, construction, and health and community services industries. Also an increase of employment level this quarter of 1.5% was driven by increases in the education and construction industries. | |||||
|
Actual | Forecast | Previous | Revised Form | |
| 3.8% | 3.8% | 3.7% | N/A | ||
| According to Statistics New Zealand, this decrease in employment was due to the "seasonal influence of the education industry." | |||||
|
Actual | Forecast | Previous | Revised Form | |
| 3.70% | 3.80% | 3.80% | N/A |
|
Actual | Forecast | Previous | Revised Form | |
| 3.80% | 3.70% | 3.60% | N/A |
















