What happened
Actual 5.6% came in above forecast 5.4%. Previous was 5.4%, now higher than that.
What it means
What percentage of job seekers don't have a job. A falling rate means a strong job market, a rising rate means a weak one.
High impact · 🇳🇿 NZD · Latest releaseGuide
New Zealand Unemployment Rate
Released · Q2
Actual5.6%
Forecast5.4%
Previous5.4%
Next release
All times are shown in your own time zone.
What is this news
Unemployment rate: what percentage of job seekers don't have a job. Released by Stats NZ. This comes every three months (quarterly).
How important it is
For central banks, the job market is as important as inflation. It shows how much slack or pressure exists in the economy. This is a High impact event on FxGram: NZD pairs often see sharp moves at this time.
What this data does
Generally, if unemployment comes in below forecast, the job market is considered strong; if higher, it signals weakness and talk of rate cuts increases.
This is just general knowledge (textbook), not a prediction for this release. The market may react differently. This is not buy-sell advice.
Previous releases
| Date | Actual | Forecast | Previous |
|---|---|---|---|
| Q2 | 5.6% | 5.4% | 5.4% |
| Q1 | 5.3% | 5.4% | 5.4% |
| Q4 | 5.4% | 5.3% | 5.3% |
| Q3 | 5.3% | 5.3% | 5.2% |
Data: Stats NZ, via TradingView economic calendar.
See full calendar