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Key Facts

Page
Unemployment
Section
API Data Docs
Canonical URL
https://fxmacrodata.com/api-data-docs/nzd/unemployment
Source
RBNZ/Stats NZ
Last Updated
2016-06-30

Provenance And Trust

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What Changed

Latest change vs prior release: 0.1000 (2.00%)

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Unemployment Rate (NZD)

Percentage of the labor force that is unemployed.

Latest reading: 5.1 Percent (Seasonally Adjusted) · Last updated: · Source: RBNZ/Stats NZ

Category: Labor Market

API Endpoint

/api/v1/announcements/nzd/unemployment

Use the production OpenAPI schema for the authoritative REST route metadata.

https://fxmacrodata.com/api/openapi.json

Browse the full endpoint reference

Compare Unemployment Rate across all supported currencies →

Optional Indicator Availability (NZD)

Optional indicators use per-currency fetcher capability checks and may be temporarily hidden while source coverage is being remediated.

foreign_reserves
Available
cb_assets
Available
inflation_mom
Unavailable Not implemented on this currency fetcher yet.

About Unemployment Rate (NZD)

New Zealand's unemployment rate measures the percentage of the labour force actively seeking work but not currently employed. It is published quarterly by the national statistics office.

Why FX traders watch it

The unemployment rate is a cornerstone of the Reserve Bank of New Zealand's dual or single mandate. A tightening labour market signals wage pressure and potential inflation, pulling rate expectations higher and supporting the nzd.

How to interpret the data

A lower-than-expected unemployment rate is typically nzd-positive because it implies a tight labour market and possible wage inflation, consistent with hawkish central bank policy. A rising unemployment rate increases rate-cut odds.

Historical Unemployment Rate (NZD)

Source: RBNZ/Stats NZ  ·  Quarterly  ·  Percent (Seasonally Adjusted)

Data provided by FXMacroData via the /api/v1/announcements/nzd/unemployment endpoint. For access, see pricing.

Data Source

Primary Source

RBNZ/Stats NZ

Official Series ID

hm9.xlsx (Unemployment rate %)

Data Format and Properties

Data Frequency

Quarterly

Unit of Measure

Percent (Seasonally Adjusted)

JSON Response Structure

The endpoint returns a chronological list of observations in JSON format. 

{
    "currency": "NZD",
    "indicator": "unemployment",
    "has_official_forecast": false,
    "start_date": "2023-01-01",
    "end_date": "2023-12-31",
    "data": [
        {
            "date": "2024-07-01",
            "val": 4.2,
            "announcement_datetime": 1722456000
        }
    ]
}

Request Parameters & Usage

Parameter Required Format Description
start_date NO YYYY-MM-DD Optional lower bound for the requested history.
end_date NO YYYY-MM-DD Optional upper bound. Defaults to the current date.
api_key CONDITIONAL string Required for non-USD announcement requests. USD announcement requests are public without an API key.

Example Usage

To retrieve Unemployment Rate data for NZD from 2023: 

GET https://fxmacrodata.com/api/v1/announcements/nzd/unemployment?start_date=2023-01-01&end_date=2023-12-31&api_key=YOUR_API_KEY

Frequently Asked Questions

What is the natural rate of unemployment for New Zealand?
NAIRU (Non-Accelerating Inflation Rate of Unemployment) varies over time. Rates well below NAIRU suggest the economy is running hot and inflation pressures may build.

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