Unemployment Rate

Statistics New Zealand releases employment data on a quarterly basis. The statistics shed a light on New Zealand’s labor market, including unemployment and employment rates, demand for labor and changes in wages and salaries. These employment indicators tend to have an impact on the country’s inflation and Reserve Bank of New Zealand’s (RBNZ) interest rate decision, eventually affecting the NZD. A better-than-expected print could turn out to be NZD bullish.

Most recent - Tuesday 5 November 2024 21:45

Previous
4.6%
Revised
-
Forecast
5%
Actual
4.8%

Higher numbers than forecast tend to be bullish for NZD/xxx pairs and bearish for xxx/NZD pairs.

Trading range

Forecast history

The most recent announced value for Unemployment Rate was 4.8% against a forecast of 5%.

Past events

Date
Forecast
Actual
Tuesday 5 November 2024 21:45
5%
4.8%
Tuesday 6 August 2024 22:45
4.7%
4.6%
Tuesday 30 April 2024 22:45
4.2%
4.3%
Tuesday 6 February 2024 21:45
4.2%
4%
Tuesday 31 October 2023 21:45
3.9%
3.9%
Tuesday 1 August 2023 22:45
3.5%
3.6%
Tuesday 2 May 2023 22:45
3.5%
3.4%
Tuesday 31 January 2023 21:45
3.3%
3.4%
Tuesday 1 November 2022 21:45
3.2%
3.3%
Tuesday 2 August 2022 22:45
3.1%
3.3%
Tuesday 3 May 2022 22:45
3.2%
3.2%
Tuesday 1 February 2022 21:45
3.4%
3.2%

Economic context

Recent economic data has been strongly bearish for NZD. Other recent announcements which may affect the market's interpretation of the next Unemployment Rate result:

PreviousLatest
RBNZ Inflation Expectations (QoQ)Bearish change2.03%2.12%
Employment ChangeBearish change0.4%-0.5%
Labour Cost Index (QoQ)Bearish change0.9%0.6%
Participation RateBearish change71.7%71.2%
Building Permits s.a. (MoM)Bullish change-5.2%2.6%

About Unemployment Rate

Country:New Zealand
Currency:NZD
Source:Stats NZ
Category:Labor Market
Frequency:Quarterly
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