Unemployment rate · New Zealand
New Zealand Unemployment Rate
The New Zealand Unemployment 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.
- Importance
- High
- Publié
- Quarterly
- Devise
- NZD · New Zealand dollar
- Banque centrale
- The Reserve Bank of New Zealand
Derniers chiffres
La dernière publication, pour Q3, est parue le 2026-11-03 et s’est établie à 5.7%. C’est au-dessus du consensus de 5.5%. C’est plus que 5.6% la fois précédente.
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.
Sur les 8 dernières publications, la valeur est allée de 5.1% à 5.7%, avec une moyenne de 5.3%. Elle a augmenté trois publications d’affilée.
| Publié | Pour | Réel | Consensus | Précédent |
|---|---|---|---|---|
| 3 Nov 2026 | Q3 | 5.7% | 5.5% | 5.6% |
| 4 Aug 2026 | Q2 | 5.6% | 5.4% | 5.4% ® |
| 5 May 2026 | Q1 | 5.3% | 5.4% | 5.4% |
| 3 Feb 2026 | Q4 | 5.4% | 5.3% | 5.3% |
| 4 Nov 2025 | Q3 | 5.3% | 5.3% | 5.2% |
| 5 Aug 2025 | Q2 | 5.2% | 5.3% | 5.1% |
| 6 May 2025 | Q1 | 5.1% | 5.3% | 5.1% |
| 4 Feb 2025 | Q4 | 5.1% | 5.1% | 4.8% |
Pourquoi c’est important
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).
Mode de calcul
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 + unemployedCe que signifient les variations
- 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.
Supérieur aux attentes : 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.
Inférieur aux attentes : A lower unemployment rate than expected signals a tight labour market: it tends to support the New Zealand dollar and push bond yields up.
Un bref historique
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.
Questions
What is the New Zealand Unemployment Rate?
The New Zealand Unemployment 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 Unemployment Rate?
5.7% for Q3, published on 3 November 2026 (consensus 5.5%, previous 5.6%).
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