Forex Fundamentals
New Zealand Unemployment Rate

New Zealand Unemployment Rate 5 November 2024

New Zealand Unemployment Rate 5 November 2024: 4.8% for Q3 2024, below the 5% forecast and up from 4.6% in Q2 2024. It is the highest of the last 12 releases. It is the second release in a row below the forecast. It was released on Tue 5 Nov 2024 at 21:45 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
4.8%
Q3 2024
Forecast
5%
The market consensus
Previous
4.6%
As the source gives it

What a print like this usually does

Below the forecast: A rate below forecast usually supports the NZD by suggesting a tighter labour market and more persistent wage pressure.

New Zealand Unemployment Rate 5 November 2024: 4.8% for Q3 2024 against a 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 5 November 2024: 4.8% vs 5% forecast (Statistics New Zealand). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/nz-unemployment/2024-11-05

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
5 Nov 2024Q34.8%5%4.6%
6 Aug 2024Q24.6%4.7%4.4%
30 Apr 2024Q14.3%4.2%4%
6 Feb 2024Q44%4.2%3.9%
31 Oct 2023Q33.9%3.9%3.6%
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%
The release before:New Zealand Unemployment Rate 6 August 2024The release after:New Zealand Unemployment Rate 4 February 2025New Zealand Unemployment Rate: every recent resultThis week’s economic calendar