New Zealand’s labour market continues to show resilience, with unemployment near historic lows and wages outpacing inflation — good news for migrants considering work visas.
Record Employment and Rising Wages
New Zealand’s unemployment rate stayed at 3.4% during the March quarter, with 22,000 jobs added in the first three months of the year. Average hourly wages climbed to $38.93, representing a 7.6% increase that outpaced the 6.7% inflation rate.
Since 2017, the government has generated 281,000 positions, bringing unemployment near historic minimums.
Government Interventions
The administration has implemented several cost-of-living measures:
- Enhanced incomes for 1.4 million residents, including elderly citizens, families, workers, and students
- Winter Energy Payment assistance benefiting over one million households
- Extended fuel tax reductions and discounted public transport
- Improved childcare affordability
Additional investments include a 50% increase in apprenticeships and record research spending. Infrastructure development will receive $60 billion over the next five years.
International Comparison
New Zealand’s unemployment rate compares favourably:
- New Zealand: 3.4%
- Australia: 3.6%
- United States: 3.5%
- United Kingdom: 3.8%
- Canada: 5.0%
- OECD average: 4.8%
What This Means for Migrants
A strong job market with rising wages makes New Zealand an attractive destination for skilled workers. If you are considering a move, explore work visa options or check the Green List for fast-track residence pathways.
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