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Unemployment Rate (New Zealand)

Unemployment Rate to Move Higher Again in Q4 After the Dive in Q3

Starts Wednesday, February 6, 2019 at 21:45
Updated Monday, February 4, 2019
The unemployment rate has been on a steady declining trend in the last two years. Although, in the one year period from Q3 2017 to Q2 2018, unemployment remained steady at around 4.5%. But the report released in the beginning of November which was for Q3, showed a five point decline to 3.9% and Q2 was revised lower as well from 4.5% to 4.4%. That gave the NZD a push higher that day. The report for Q4 is expected to show a two point increase in the unemployment to 4.1%. Please follow us for live coverage of this event and the impact it might have on the currency by experienced market analysts.  

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About Unemployment Rate (New Zealand)
Released by Statistics New Zealand, the Unemployment Rate represents the relative strength of the domestic workforce. It is calculated by dividing the number of unemployed workers by the total civilian labor pool.The New Zealand Unemployment rate is released four times per year, on a quarterly basis. As a count of people with a desire and means to work that have no paying job, the data used in the Unemployment Rate comes from Statistics New Zealand’s Household Labour Force Survey.High unemployment suggests economic stagnation or recession, while low rates are found during periods of economic growth. A low Unemployment Rate is viewed as bullish toward the New Zealand dollar (NZD), while an abnormally high level is a bearish signal. The Unemployment Rate is a strong economic indicator and can lead to enhanced periodic volatility or trending market conditions facing the NZD.

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