Unemployment rate remains at 3.3 percent

The seasonally adjusted unemployment rate was 3.3 percent in the September 2022 quarter, unchanged from last quarter, Stats NZ said today.

Kei te noho tonu te pāpātanga koremahi ki te 3.3 ōrau is also available in te reo Māori.

While the unemployment rate remained level, the underutilisation rate – a broader measure of spare labour capacity – dipped slightly to 9.0 percent, from 9.2 percent last quarter.

QuarterUnemployment rateUnderutilisation rate
Mar-044.310.7
Jun-044.210
Sep-043.99.9
Dec-043.79.9
Mar-053.99.4
Jun-053.89.6
Sep-053.89.1
Dec-053.79.3
Mar-064.19
Jun-063.78.6
Sep-063.98.8
Dec-063.810.4
Mar-073.99.9
Jun-073.69.8
Sep-073.69
Dec-073.49.2
Mar-083.810.3
Jun-083.810
Sep-084.110.5
Dec-084.411.3
Mar-09512.3
Jun-095.813.7
Sep-096.214.8
Dec-096.615
Mar-105.913.6
Jun-106.614.2
Sep-106.113.9
Dec-106.214
Mar-11614
Jun-116.114.1
Sep-11613.6
Dec-116.113.7
Mar-126.414.1
Jun-126.414.7
Sep-126.715.6
Dec-126.314.7
Mar-135.813
Jun-13613.3
Sep-135.814.1
Dec-135.714
Mar-145.613.2
Jun-145.313.3
Sep-145.312.8
Dec-145.513.3
Mar-155.513.6
Jun-155.513.6
Sep-155.713.7
Dec-15512.5
Mar-165.313.6
Jun-165.113
Sep-16512.7
Dec-165.312.4
Mar-174.912.2
Jun-174.811.9
Sep-174.812.1
Dec-174.512.2
Mar-184.411.9
Jun-184.512.1
Sep-18411.4
Dec-184.412.2
Mar-194.211.3
Jun-19411.1
Sep-194.210.4
Dec-194.110.1
Mar-204.210.4
Jun-20412
Sep-205.313.1
Dec-204.911.9
Mar-214.612.1
Jun-213.910.5
Sep-213.39.2
Dec-213.29.2
Mar-223.29.3
Jun-223.39.2
Sep-223.39

“Unemployment and underutilisation rates have been sitting at or near record lows for more than a year,” work and wellbeing statistics senior manager Becky Collett said.

The labour force participation rate rose to 71.7 percent and the employment rate rose to 69.3 percent. Both are the highest rates recorded since the Household Labour Force Survey (HLFS) began in 1986.

Women’s labour force participation reaches new series high

In the September 2022 quarter, the seasonally adjusted labour force participation rate for women rose to 67.4 percent – the highest rate since the series began.

“Women’s labour force participation rate was much lower than men’s in the 1980s, but has grown faster over the last 30 years, and reached a new series high this quarter,” Collett said.

QuarterMenWomenTotal
Mar-8680.154.767.1
Jun-8679.754.566.8
Sep-8679.354.866.7
Dec-8678.654.666.3
Mar-8779.154.866.6
Jun-8778.654.866.4
Sep-8778.654.766.3
Dec-8777.85566.1
Mar-8876.954.665.4
Jun-8876.354.365
Sep-8875.654.264.6
Dec-8875.653.764.4
Mar-8975.453.264
Jun-8974.952.763.5
Sep-8974.652.963.4
Dec-8974.453.263.5
Mar-9074.253.563.5
Jun-9074.554.364.1
Sep-9074.354.163.9
Dec-9074.354.163.9
Mar-917454.564
Jun-9173.954.564
Sep-917454.463.9
Dec-9173.653.863.4
Mar-9273.854.163.6
Jun-9273.354.163.4
Sep-927353.763.1
Dec-9272.854.263.2
Mar-937353.663
Jun-9373.353.763.2
Sep-9372.954.263.3
Dec-9373.554.263.6
Mar-9473.45564
Jun-9473.754.663.9
Sep-9473.854.964.1
Dec-9473.855.764.5
Mar-9573.955.364.4
Jun-9573.955.764.5
Sep-9574.255.964.8
Dec-9574.556.365.2
Mar-9674.556.665.3
Jun-9674.357.565.6
Sep-9674.757.966.1
Dec-9674.556.665.3
Mar-9774.157.265.4
Jun-9774.557.265.6
Sep-9774.357.265.5
Dec-9774.256.765.2
Mar-98745765.3
Jun-9873.95765.2
Sep-9873.456.964.9
Dec-98735764.8
Mar-9973.457.365.1
Jun-9973.457.365.1
Sep-9973.357.265
Dec-9973.657.365.2
Mar-0073.457.365.1
Jun-0073.35764.9
Sep-0073.657.565.3
Dec-0073.957.865.6
Mar-0173.557.765.4
Jun-0173.658.465.8
Sep-0173.95865.7
Dec-0174.258.966.3
Mar-027558.966.7
Jun-0274.659.366.7
Sep-0274.558.966.5
Dec-0274.158.966.2
Mar-0373.858.866.1
Jun-0373.759.166.1
Sep-0373.859.766.5
Dec-0373.659.766.4
Mar-0473.759.566.4
Jun-0474.65966.6
Sep-0474.559.966.9
Dec-0475.160.767.7
Mar-057560.367.4
Jun-0574.860.567.4
Sep-0575.261.468.1
Dec-0575.160.967.8
Mar-0675.661.668.4
Jun-0675.561.768.4
Sep-0675.561.168.1
Dec-0675.560.767.8
Mar-0775.761.768.5
Jun-0775.561.968.5
Sep-0775.761.268.2
Dec-0775.361.968.4
Mar-0875.36268.4
Jun-0875.26268.3
Sep-0874.962.368.4
Dec-0875.662.868.9
Mar-0974.561.867.9
Jun-09756268.3
Sep-0973.961.967.7
Dec-0974.261.867.8
Mar-1073.861.567.4
Jun-1074.361.767.8
Sep-1074.461.767.8
Dec-1073.961.567.5
Mar-1174.16267.9
Jun-1174.162.167.9
Sep-1174.36267.9
Dec-1174.161.967.8
Mar-1274.362.368.1
Jun-1273.762.668
Sep-1273.562.667.9
Dec-1273.162.367.5
Mar-1372.662.167.2
Jun-1373.162.267.5
Sep-1373.962.768.1
Dec-1374.162.868.3
Mar-1474.463.268.6
Jun-1474.362.768.3
Sep-147463.468.6
Dec-1474.764.369.3
Mar-1575.163.969.4
Jun-1574.763.769.1
Sep-15746368.4
Dec-15746368.4
Mar-1674.563.769
Jun-1675.564.870
Sep-167664.570.1
Dec-1676.265.570.7
Mar-1776.565.570.9
Jun-1776.364.770.4
Sep-1776.66671.2
Dec-1776.66671.2
Mar-1876.46671.1
Jun-1876.466.171.2
Sep-1876.36671.1
Dec-1876.165.970.9
Mar-1975.465.970.6
Jun-1975.36670.6
Sep-1975.565.970.6
Dec-1975.565.570.4
Mar-2075.865.770.7
Jun-2075.16570
Sep-2075.464.970.1
Dec-2075.465.170.2
Mar-2175.665.470.4
Jun-2175.665.770.6
Sep-2175.666.771.1
Dec-2175.666.671
Mar-2275.666.470.9
Jun-2275.466.670.9
Sep-227667.471.7

The employment rate for women increased to 64.9 percent in the September 2022 quarter- the highest rate since the series began.

The increases in these rates for women over the quarter primarily came from the increase in the number of women employed, and a similar decrease in those who were not in the labour force.

More people feel secure in their job

Feelings of job security rose in the September 2022 quarter, with 52.8 percent of employed people (who were able to assess their job security) saying there was almost no chance they would involuntarily lose their job or business in the next 12 months, compared with 45.6 percent in the same quarter last year.

QuarterAlmost certain / A high chance
Jun-207.4
Sep-206
Dec-205
Mar-214.4
Jun-214.2
Sep-214.1
Dec-214.9
Mar-224.5
Jun-223.4
Sep-223.1
6.97.8
5.66.4
4.65.4
44.8
3.94.6
3.74.5
4.65.3
4.14.9
33.7
2.93.4
QuarterA medium chance
Jun-2018.7
Sep-2017.1
Dec-2013.6
Mar-2113.7
Jun-2112.7
Sep-2112.6
Dec-2112.4
Mar-2212.1
Jun-2210.9
Sep-2210.3
1819.3
16.317.8
12.914.2
13.114.3
12.113.2
11.913.3
11.813
11.512.7
10.311.6
9.810.9
QuarterA low chance
Jun-2037.8
Sep-2038.1
Dec-2037.7
Mar-2137.9
Jun-2138.1
Sep-2137.6
Dec-2135
Mar-2234.6
Jun-2237.6
Sep-2233.7
3738.7
37.239.1
36.838.6
36.939
37.139.1
36.738.5
34.135.8
33.735.5
36.838.5
32.734.6
QuarterAlmost no chance
Jun-2036.1
Sep-2038.8
Dec-2043.7
Mar-2144
Jun-2145
Sep-2145.6
Dec-2147.7
Mar-2248.8
Jun-2248.1
Sep-2252.8
35.337
37.739.8
42.844.6
42.945
4446
44.746.6
46.848.7
47.849.8
46.949.2
51.953.8

“Strong feelings of job security coincided with increasing numbers of people working in permanent roles,” Collett said.

Over the year, there were 46,100 more permanent employees and 12,400 fewer fixed-term employees (not seasonally adjusted) in the labour force.

Wages continue to rise

In the year to the September 2022 quarter, all salary and wage rates (including overtime), as measured by the labour cost index, increased 3.7 percent, compared with 3.4 percent in the year to the June 2022 quarter.

Average total weekly earnings (including overtime) per full-time equivalent employee, as measured by the Quarterly Employment Survey (QES), rose 7.9 percent in the year to the September 2022 quarter.

Average ordinary time hourly earnings in the QES rose 7.4 percent in the year to the September 2022 quarter.

Hourly earnings rise 7.4 percent has more information about wages.

/Stats NZ Public Release. View in full here.