Unemployment Rate for New Zealand

Indicator Definition:
Unemployment refers to the share of the labor force that is without work but available for and seeking employment.

The statistic "Unemployment Rate" stands at 4.87 percent as of 12/31/2024, the highest value since 12/31/2017.
Regarding the One-Year-Change of the series, the current value constitutes an increase of 1.14 percentage points compared to the value the year prior.
The 1 year change in percentage points is 1.14.
The 3 year change in percentage points is 1.09.
The 5 year change in percentage points is 0.76.
The 10 year change in percentage points is -0.559.

The Serie's long term average value is 5.77 percent. It's latest available value, on 12/31/2024, is 0.903 percentage points lower, compared to it's long term average value.
The Serie's change in percentage points from it's minimum value, on 12/31/2022, to it's latest available value, on 12/31/2024, is +1.57.
The Serie's change in percentage points from it's maximum value, on 12/31/1992, to it's latest available value, on 12/31/2024, is -5.80.