Hamilton City Quarterly economic monitor - December 2019

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Unemployment rate

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Highlights for Hamilton City

  • The annual average unemployment rate in Hamilton City was 4.7% in December 2019, down from 5.1% a year earlier.
  • The unemployment rate in Hamilton City was higher than in New Zealand, where the unemployment rate averaged 4.1% over the year to December 2019.
  • Over the last ten years the unemployment rate reached a peak of 8.5% in June 2012;

National overview

Unemployment remains low at an annual average rate of 4.1% for the December 2019 quarter. Labour market tightness persists with rising full-time employment and a slight easing in labour market participation ensuring that employers need to work hard to attract and retain staff.