Source: Statistics New Zealand
Unemployment rate at 4.8 percent – 6 November 2024 – Unemployment continues to grow, with more people remaining unemployed for longer periods and a declining employment rate, while wage growth slows, according to figures released by Stats NZ today.
In the September 2024 quarter:
- unemployment rate was 4.8 percent
- employment rate was 67.8 percent
- annual wage inflation was 3.8 percent
- average ordinary time hourly earnings were $41.98.
The seasonally adjusted unemployment rate, as measured by the Household Labour Force Survey, was 4.8 percent in the September 2024 quarter, compared with 4.6 percent in the previous quarter.
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