Labour market statistics provide a picture of the New Zealand labour market, including unemployment and employment rates, demand for labour, and changes in wages and salaries.
In the September 2021 quarter, compared with the previous quarter, the:
- unemployment rate fell to 3.4 percent, down from 4.0 percent
- underutilisation rate fell to 9.2 percent, down from 10.5 percent
- employment rate rose to 68.8 percent, up from 67.6 percent.
In the year to the September 2021 quarter:
- wage rates increased 2.4 percent
- average weekly earnings (for full-time equivalent employees (FTEs), including overtime) increased to $1,367
- average ordinary time hourly earnings rose to $35.25.
Sharp fall in unemployment rate this quarter
The seasonally adjusted unemployment rate fell to 3.4 percent in the September 2021 quarter, down from 4.0 percent last quarter.
- For men, the unemployment rate fell to 3.3 percent, down from 3.8 percent.
- For women, the unemployment rate fell to 3.4 percent, down from 4.2 percent.
The seasonally adjusted number of unemployed people fell to 98,000 (down 18,000).
- 7,000 fewer men were unemployed.
- 11,000 fewer women were unemployed.
The unemployment rate (not seasonally adjusted) fell to 3.2 percent, compared with 3.9 in the June 2020 quarter and 5.1 percent last year.
When adjusted to account for both unemployed people and people who were unavailable or not able to actively seek work due to reasons related to COVID-19, the extended unemployment rate was 3.4 percent. In comparison, the extended rate was 4.6 percent in the June 2020 quarter and 5.2 percent in the September quarter last year.