Forex Fundamentals
New Zealand Unemployment Rate

New Zealand Unemployment Rate 1 August 2023

New Zealand Unemployment Rate 1 August 2023: 3.6% for Q2 2023, above the 3.5% forecast and up from 3.4% in Q1 2023. It is the highest reading since Q2 2021. 4 of the last 12 releases came in above the forecast. It was released on Tue 1 Aug 2023 at 22:45 UTC.

These figures were verified on 4 Oct 2026 from the source: Statistics New Zealand. This page reports the release as published: the figures, the consensus forecast and what a print like it usually does to the currency.

Actual
3.6%
Q2 2023
Forecast
3.5%
The market consensus
Previous
3.4%
As the source gives it

What a print like this usually does

Above the forecast: An unemployment rate above forecast usually weakens the NZD as traders price in more labour-market slack and possible RBNZ easing.

New Zealand Unemployment Rate 1 August 2023: 3.6% for Q2 2023 against a 3.5% forecast, with the last 12 releases
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Cite this release

If you cite this release, please link to this page:

New Zealand Unemployment Rate 1 August 2023: 3.6% vs 3.5% forecast (Statistics New Zealand). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/nz-unemployment/2023-08-01

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
1 Aug 2023Q23.6%3.5%3.4%
2 May 2023Q13.4%3.5%3.4%
31 Jan 2023Q43.4%3.3%3.3%
1 Nov 2022Q33.3%3.2%3.3%
2 Aug 2022Q23.3%3.1%3.2%
3 May 2022Q13.2%3.2%3.2%
1 Feb 2022Q43.2%3.4%3.4%
2 Nov 2021Q33.4%3.9%4%
3 Aug 2021Q24%4.5%4.7%
4 May 2021Q14.7%4.9%4.9%
2 Feb 2021Q44.9%5.6%5.3%
3 Nov 2020Q35.3%5.4%4%
The release before:New Zealand Unemployment Rate 2 May 2023The release after:New Zealand Unemployment Rate 31 October 2023New Zealand Unemployment Rate: every recent resultThis week’s economic calendar