The unemployment rate in New Zealand was last reported at 6.7 percent in the first quarter of 2012. (First three months). New Zealand Unemployment Rate averaged 6.2700 Percent reaching an all-time high of 11.2000 Percent in September of 1991 and a record low of 3.5000 Percent in December of 2007. The unemployment rate can be defined as the number of people actively looking for a job as a percentage of the Labour force.
It is proposed that More jobs should Be created to decrease this percentage.