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Actual | Forecast | Previous | Revised Form | |
| -0.1% | -0.1% | -0.8% | N/A | ||
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For 4th Quarter (s.a.)
From the Release: "In seasonally adjusted terms, the number of unemployed continued to increase during the December 2009 quarter, reaching 168,000, while the unemployment rate rose to 7.3 percent, Statistics New Zealand said today. The unemployment rate is now at its highest level since the June 1999 quarter. The increase in unemployment and the unemployment rate was mainly due to a rise in the number of people entering the labour force but unable to find work. Employment fell slightly during the quarter with the number of people employed decreasing by 2,000 or 0.1 percent, compared with a 16,000 decline in the previous quarter. Full-time employment drove the latest decrease in employment. Actual hours worked also fell by 0.4 percent consistent with the fall in employment during the December 2009 quarter, and by 3.2 percent since the December 2008 quarter." |
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| 11/7 | 2/6 | 5/7 | 8/6 | 11/5 | 2/4 | 5/6 | 8/5 | 11/4 | 2/3 | ||
| Actual | -0.3% | 1.1% | -1.3% | 1.2% | 0.1% | 0.9% | -1.1% | -0.4% | -0.8% | -0.1% | |
| Forecast | 0.4% | 0.3% | -0.1% | 0.1% | -0.8% | -0.7% | -1.0% | -0.6% | -0.3% | -0.1% | |
| Previous | 0.7% | -0.3% | 0.9% | -1.3% | 1.2% | 0.1% | 0.6% | -1.3% | -0.4% | -0.8% | |
| Revised From | N/A | N/A | 1.1% | N/A | N/A | N/A | 0.9% | -1.1% | N/A | N/A | |
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Actual | Forecast | Previous | Revised Form | |
| 7.3% | 6.8% | 6.5% | N/A |
| 11/7 | 2/6 | 5/7 | 8/6 | 11/5 | 2/4 | 5/6 | 8/5 | 11/4 | 2/3 | ||
| Actual | 3.5% | 3.4% | 3.6% | 3.9% | 4.2% | 4.6% | 5.0% | 6.0% | 6.5% | 7.3% | |
| Forecast | 3.6% | 3.6% | 3.5% | 3.8% | 4.3% | 4.6% | 5.3% | 5.6% | 6.4% | 6.8% | |
| Previous | 3.6% | 3.5% | 3.4% | 3.7% | 3.9% | 4.2% | 4.7% | 5.0% | 6.0% | 6.5% | |
| Revised From | N/A | N/A | N/A | 3.6% | N/A | N/A | 4.6% | N/A | N/A | N/A | |
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Actual | Forecast | Previous | Revised Form | |
| -0.8% | -0.3% | -0.4% | N/A | ||
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For 3rd Quarter (s.a.)
From the Release: "In seasonally adjusted terms, the number of unemployed rose by 12,000 to reach 150,000 people, and the unemployment rate increased to 6.5 percent during the September 2009 quarter, Statistics New Zealand said today. The number of people unemployed is at its highest level since the March 1994 quarter.
“During the past year there have been notable decreases in employment
in the manufacturing, retail trade and accommodation, and construction
industries, while employment in the health care and social assistance,
and public administration and safety industries has increased”, said
Peter Gardiner, Manager of Work, Knowledge and Skills at Statistics New
Zealand.
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Actual | Forecast | Previous | Revised Form | |
| 6.5% | 6.4% | 6.0% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| -0.4% | -0.6% | -1.3% | -1.1% | ||
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For 2nd Quarter (s.a.)
From the Release: "In seasonally adjusted terms, the unemployment rate continued to rise, reaching 6.0 percent during the June 2009 quarter, Statistics New Zealand said today. Both the number of people unemployed and the unemployment rate have been increasing for the past six quarters. The unemployment rate rose by 1.0 percentage point during the June 2009 quarter, the largest quarterly increase since the September 1988 quarter. During the June 2009 quarter, the number of people unemployed went up by 20.6 percent to reach 138,000. This increase was largely driven by a 15,000 rise in the number of females unemployed. The number of unemployed males also went up, increasing by 8,000 in the latest quarter. During the last 12 months, the number of unemployed rose by 48,000."
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Actual | Forecast | Previous | Revised Form | |
| 6.0% | 5.6% | 5.0% | N/A | ||
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For 2nd Quarter
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Actual | Forecast | Previous | Revised Form | |
| -1.1% | -1.0% | 0.6% | 0.9% | ||
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For 1st Quarter (s.a.)
From the Release: "The March 2009 quarter Household Labour Force Survey (HLFS) showed that the labour market has continued to weaken, as both unemployment and the unemployment rate rose for the fifth consecutive quarter. Both employment and labour force participation declined this quarter. Unemployment increased by 7,000 (6.8 percent) to reach 115,000 over the March 2009 quarter, driven by male unemployment, which increased by 6,000. Over the quarter, the number of people unemployed increased while the size of the labour force decreased, resulting in an increase in the unemployment rate of 0.3 percentage points, to 5.0 percent. The last time the unemployment rate reached 5.0 percent was the March 2003 quarter. Employment decreased over the March 2009 quarter by 24,000 (1.1 percent), with both full-time and part-time employment decreasing." |
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Actual | Forecast | Previous | Revised Form | |
| 5.0% | 5.3% | 4.7% | 4.6% | ||
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For 1st Quarter
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Actual | Forecast | Previous | Revised Form | |
| 0.9% | -0.7% | 0.1% | N/A | ||
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For 4th Quarter (s.a.)
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Actual | Forecast | Previous | Revised Form | |
| 4.6% | 4.6% | 4.2% | N/A | ||
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For 4th Quarter
The unemployment rate increased to 4.6% in New Zealand, matching expectations. Though the number of people employed increased by 0.9% for the quarter, the number of people unemployed rose 10.8% as more and more people entered the labor force, pushing up the labor force participation rate.
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Actual | Forecast | Previous | Revised Form | |
| 0.1% | -0.8% | 1.2% | N/A | ||
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For 3rd Quarter (s.a.)
The number of people employed in New Zealand increased 0.1% on a quarterly basis in the 3rd quarter, but as more people entered the labor force the number of people unemployed rose 6.3%, which brought the unemployment rate up to 4.2%. The increase in employment was better than expected and economists had predicted that the unemployment rate would climb even higher. Still, with the global economy heading for a major contraction, New Zealand exporters will face tougher times. Prices for commodities are also declining, another negative for the New Zealand trade balance. |
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Actual | Forecast | Previous | Revised Form | |
| 4.2% | 4.3% | 3.9% | N/A | ||
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For 2nd Quarter
See "Employment Change q/q" above for commentary. |
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Actual | Forecast | Previous | Revised Form | |
| 1.2% | 0.1% | -1.3% | N/A | ||
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For 2nd Quarter (s.a.)
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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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Actual | Forecast | Previous | Revised Form | |
| -1.3% | -0.1% | 0.9% | 1.1% | ||
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For 1st Quarter (s.a.)
The labor market loosened in New Zealand during the 1st quarter. Employment decreased by 1.3% quarter-on-quarter, causing the unemployment rate to notch up 0.2% to 3.6%. Seasonally adjusted employment decreased by 29,000 to 2,141,000. |
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Actual | Forecast | Previous | Revised Form | |
| 3.6% | 3.5% | 3.4% | N/A | ||
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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 | |
| 1.1% | 0.3% | -0.3% | N/A | ||
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For 4th Quarter
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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 | |
| -0.3% | 0.4% | 0.7% | N/A | ||
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For 3rd Quarter. Employment Change y/y: 1.5% (3rd Q), consensus 2.3%, pr. 1.5% (2nd Q) |
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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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