Unemployment rate · New Zealand
New Zealand Participation Rate
The New Zealand Participation Rate measures the share of the labour force in New Zealand, people working or actively looking for work, who have no job but want one.
- Importancia
- Medium
- Publicado
- Quarterly
- Divisa
- NZD · New Zealand dollar
- Banco central
- The Reserve Bank of New Zealand
Últimas cifras
El último dato, de Q3, se publicó el 2026-11-03 y fue 70.4%. Está por debajo del consenso de 70.7%. Es menos que 70.6% la vez anterior (revisado).
A lower unemployment rate than expected signals a tight labour market: it tends to support the New Zealand dollar and push bond yields up.
En las últimas 8 publicaciones osciló entre 70.3% y 71.0%, con una media de 70.6%.
| Publicado | Para | Real | Consenso | Anterior |
|---|---|---|---|---|
| 3 Nov 2026 | Q3 | 70.4% | 70.7% | 70.6% ® |
| 4 Aug 2026 | Q2 | 70.7% | 70.3% | 70.4% |
| 5 May 2026 | Q1 | 70.4% | 70.5% | 70.5% |
| 3 Feb 2026 | Q4 | 70.5% | 70.3% | 70.3% |
| 4 Nov 2025 | Q3 | 70.3% | – | 70.5% |
| 5 Aug 2025 | Q2 | 70.5% | 70.7% | 70.8% |
| 6 May 2025 | Q1 | 70.8% | 71% | 70.9% ® |
| 4 Feb 2025 | Q4 | 71% | 71.1% | 71.1% |
Por qué importa
Full employment is part of most central banks' mandate. A falling unemployment rate means a tighter labour market, faster wage growth and more inflation pressure, which can keep the Reserve Bank of New Zealand hawkish; a rising rate is one of the clearest recession signals (the US "Sahm rule" flags a 0.5-point rise in the three-month average).
Cómo se calcula
Stats NZ usually runs a household survey: people are counted as unemployed if they had no work, were available and looked for a job recently. The rate is unemployed ÷ (employed + unemployed). Registered jobless and claimant counts instead count people signed on for benefits. Participation is the labour force ÷ working-age population.
Unemployment rate = unemployed ÷ labour force × 100
Labour force = employed + unemployedQué significan los cambios
- A lower rate than expected usually supports the New Zealand dollar.
- Check participation: unemployment can fall because people stop looking, which is not good news.
- Broader measures (US U-6) include part-timers who want more hours.
Mayor de lo esperado: A higher unemployment rate than expected points to a weakening labour market: the New Zealand dollar tends to soften as markets price in lower rates.
Menor de lo esperado: A lower unemployment rate than expected signals a tight labour market: it tends to support the New Zealand dollar and push bond yields up.
Una breve historia
Systematic unemployment statistics began in the 1930s Depression; the International Labour Organization's definition, adopted in 1982, is used by most countries today.
New Zealand was the first country to adopt formal inflation targeting, in 1990.
Preguntas
What is the New Zealand Participation Rate?
The New Zealand Participation Rate measures the share of the labour force in New Zealand, people working or actively looking for work, who have no job but want one.
What was the latest New Zealand Participation Rate?
70.4% for Q3, published on 3 November 2026 (consensus 70.7%, previous 70.6%).
Solo contenido educativo, no asesoramiento de inversión. Las cifras son los resultados publicados según los registra nuestro calendario; las reacciones del mercado descritas son típicas, no garantizadas.