New zealand unemployment rate

The unemployment rate in New Zealand is a key economic indicator that measures the percentage of the labor force that is currently unemployed and actively seeking employment. Here are the latest unemployment rate figures for New Zealand:

Current Unemployment Rate:

As of March 2023, the unemployment rate in New Zealand is 3.2% (seasonally adjusted), according to the New Zealand Institute of Statistics (Stats NZ).

Historical Unemployment Rate:

Here is a historical overview of the unemployment rate in New Zealand:

• March 2022: 3.4%
• December 2021: 3.5%
• September 2021: 3.6%
• June 2021: 3.7%
• March 2021: 4.0%
• December 2020: 4.2%
• September 2020: 4.5%
• June 2020: 4.9%
• March 2020: 4.9%

Trend:

The unemployment rate in New Zealand has been trending downward since 2020, with some fluctuations. The rate has been below 4% since September 2021, indicating a strong labor market.

Regional Variations:

Unemployment rates can vary significantly across different regions in New Zealand. For example:

• Auckland: 3.5% (March 2023)
• Wellington: 2.8% (March 2023)
• Canterbury: 2.5% (March 2023)
• Waikato: 3.1% (March 2023)
• Bay of Plenty: 3.3% (March 2023)

These regional variations can be influenced by factors such as industry composition, population growth, and economic development.

Sources:

• New Zealand Institute of Statistics (Stats NZ)
• Reserve Bank of New Zealand (RBNZ)
• Ministry of Business, Innovation and Employment (MBIE)

Please note that unemployment rates can be subject to revisions and may not reflect the current situation. It's always a good idea to check the latest data from reliable sources for the most up-to-date information.