Unemployment Rate (New Zealand)
A Sudden Increase in Unemployment in NZ in Q2
Starts Tuesday, December 18, 2018 at 17:36
Updated Monday, November 5, 2018
The unemployment rate has been on a steady declining trend in the last two years. Although, in the last reading for Q2, the unemployment ticked higher to 4.5% against 4.4% expected. But, that doesn't change the overall trend. This piece of data will be released together with the employment change QoQ in the same report. Please follow us for live coverage of this event and the impact it might have on the currency by live 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.