Labor Force Participation Rate in New Zealand increased to 70.40 percent in the first quarter of 2021 from 70.20 percent in the fourth quarter of 2020. source: Statistics New Zealand

Labor Force Participation Rate in New Zealand averaged 66.84 percent from 1986 until 2021, reaching an all time high of 71.20 percent in the third quarter of 2017 and a record low of 63 percent in the first quarter of 1993. This page provides - New Zealand Labor Force Participation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Labor Force Participation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.

Labor Force Participation Rate in New Zealand is expected to be 70.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in New Zealand to stand at 71.00 in 12 months time. In the long-term, the New Zealand Labor Force Participation Rate is projected to trend around 70.80 percent in 2022 and 71.20 percent in 2023, according to our econometric models.

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New Zealand Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
70.40 70.20 71.20 63.00 1986 - 2021 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-04 10:45 PM Q2 69.7% 70.5% 69.8% 69.8%
2020-11-03 09:45 PM Q3 70.1% 69.7% 70% 69.9%
2021-02-02 09:45 PM Q4 70.2% 70.1% 70.2% 70%
2021-05-04 10:45 PM Q1 70.4% 70.2% 70.3% 70.3%
2021-08-03 10:45 PM Q2 70.4% 70.5%
2021-11-03 09:45 PM Q3
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New Zealand Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.70 4.90 11.20 3.40 percent [+]
Employed Persons 2750.00 2734.00 2750.00 1499.00 Thousand [+]
Unemployed Persons 135.00 141.00 189.00 69.00 Thousand [+]
Employment Change 0.60 0.60 2.60 -1.80 percent [+]
Labor Force Participation Rate 70.40 70.20 71.20 63.00 percent [+]
Labour Costs 1235.00 1230.00 1235.00 699.62 points [+]
Productivity 129.63 128.55 131.27 86.54 points [+]
Job Vacancies 172.36 161.28 180.70 55.20 index points [+]
Wages 34.55 34.20 34.55 13.07 NZD/Hour [+]
Wages in Manufacturing 32.34 32.19 32.34 12.44 NZD/Hour [+]
Minimum Wages 20.00 18.90 20.00 10.25 NZD/Hour [+]
Population 5.11 4.95 5.11 2.37 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Full Time Employment 2194.00 2197.00 2203.00 1177.00 Thousand [+]
Youth Unemployment Rate 12.46 13.67 15.30 10.30 percent [+]
Part Time Employment 555.00 534.00 555.00 264.00 Thousand [+]
Employment Rate 67.10 66.80 68.20 56.40 percent [+]


New Zealand Labor Force Participation Rate
The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.