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New Zealand Unemployment Rate

Last Release
Dec 31, 2023
Actual
4
Units In
%
Previous
3.9
Frequency
Quarterly
Next Release
Apr 30, 2024
Time to Release
2 Months 22 Days 22 Hours
Highest
Lowest
Average
Date Range
Source
11.2
Sep 1991
3.2
Dec 2021
5.76 %1985-2023Statistics New Zealand
In New Zealand, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Latest Updates

The unemployment rate in New Zealand rose to 4% in the three months to December of 2023, maintaining the highest level since June quarter of 2021, compared to 3.9% in the prior quarter and slightly below market expectations of 4.2%. The underutilisation rate, which is a broader measure of spare labour capacity than unemployment alone, was 10.7% in the December 2023 quarter. This compared with 10.4% in the previous quarter and 9.3% in the December 2022 quarter. Meantime, the labor force participation rate edged down to 71.9% from 72% in the previous quarter.

New Zealand Unemployment Rate History

Last 12 readings

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