What it measures
The unemployment rate is the number of unemployed people as a share of the labour force, seasonally adjusted. The calendar shows the date and time of this release only; the figure itself is on the official page linked at the bottom.
Who publishes it and when
Stats NZ publishes the labour market statistics at 10:45 Wellington time, about five weeks after the end of the quarter.
How it is put together
The figure comes from the Household Labour Force Survey. Earlier quarters can be revised, and Stats NZ has corrected some series in recent releases.
What traders watch
Traders read it with employment growth and wage measures released at the same time, and compare it with the Reserve Bank's forecast.
How markets have usually reacted
A rise has often weighed on the New Zealand dollar and a fall has often supported it.
Common mistakes
Forgetting that it is quarterly, so each release covers three months of change.
How a higher or lower figure is usually read
There is no figure in the calendar for this event. A higher unemployment rate is usually read as negative for the New Zealand dollar; a lower one as supportive. Not a signal.
Release history
No past releases recorded yet.
Related news
- Reserve Bank of New Zealand Rate Decision (OCR)
- New Zealand CPI
- New Zealand GDP
- Economic calendar: every release this week in your time zone
- Lot size calculator: keep your risk the same around news
- How to use an economic calendar: what happens around a release, and how to plan for it
Trading involves a high risk of loss. This page is information and education, not advice or a signal to trade. See the Risk Disclaimer.
Official source
Published by Stats NZ, Household Labour Force Survey: www.stats.govt.nz