The number of employed people in New Zealand dropped 0.2 percent on quarter to 2,658 thousand in the first quarter of 2019, missing market expectations of 0.5 percent growth. On a yearly basis, employment rose 1.5 percent. Employment Change in New Zealand averaged 0.37 percent from 1986 until 2019, reaching an all time high of 2.60 percent in the second quarter of 2016 and a record low of -1.80 percent in the first quarter of 2009.
Employment Change in New Zealand is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Change in New Zealand to stand at 0.50 in 12 months time. In the long-term, the New Zealand Employment Change is projected to trend around 0.40 percent in 2020, according to our econometric models.