Youth Unemployment Rate in New Zealand decreased to 10.30 percent in the second quarter of 2019 from 13.10 percent in the first quarter of 2019. Youth Unemployment Rate in New Zealand averaged 11.94 percent from 2004 until 2019, reaching an all time high of 15.30 percent in the fourth quarter of 2009 and a record low of 10.20 percent in the third quarter of 2018.
Youth Unemployment Rate in New Zealand is expected to be 11.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Youth Unemployment Rate in New Zealand to stand at 11.00 in 12 months time. In the long-term, the New Zealand Youth Unemployment Rate is projected to trend around 10.80 percent in 2020, according to our econometric models.