Welcome to the New Zealand employment page. On this page I will be monitoring the unemployment rate, employment rate, and the number of employed and unemployed persons in New Zealand. The reason I am keeping track of New Zealand’s labor market is to be able to get an idea of where future monetary policy is headed and to get a feel of the country’s overall economic strength.
Since employment information is released on a quarterly basis by the statistical office of New Zealand, I will be updating this page once a quarter on average. I recommend that you bookmark this page and visit every once in a while so that you can stay updated on the status of New Zealand’s labor market.
March 2012 Quarter
During the March quarter of 2012 (2nd quarter), there were 9,000 persons who became employed and 9,000 persons who became unemployed in New Zealand. Because there was no gain in employment in the country, the unemployment rate ticked up to 6.7% from 6.4% quarter over quarter. The participation rate also contributed to the increase in New Zealand’s unemployment rate because it increased to 68.8%, which is the second highest rate ever according to the Statistical office of New Zealand.
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September 2011 Quarter
During the September 2011 quarter (3rd quarter) there were 5,000 jobs created and 3,000 jobs lost in New Zealand. Even though there was a net gain of 2,000 jobs added to New Zealand’s labor market, the unemployment rate inched up to 6.6% from 6.5% in the June 2011 quarter (2nd quarter). Year over year the unemployment rate increased by 0.2%.
The number of persons employed in New Zealand is 2,218,000, which is up by 0.2% quarter over quarter and up 1.1% year over year. The employment rate is 63.9%. The number of unemployed persons in New Zealand during the September 2011 quarter is 157,000, which is up 1.7% quarter over quarter and up 4.6% year over year.