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Understanding the New Zealand Job Market: Insights for Prospective Job Seekers


New Zealand's job market has exhibited resilience, particularly in the face of global challenges such as the COVID-19 pandemic. Following a complete lockdown in March 2020, the country saw a rise in the unemployment rate and changed new zealand jobs in demand, but the labour market remained robust overall. The ability of the market to recover and maintain stability reflects the nation's economic adaptability and strength.



A bustling job fair with diverse industries represented, people engaging in networking and exchanging resumes, a sign reading "New Zealand Job Market" in the background





Predictions by New Zealand's Ministry of Business, Innovation and Employment anticipate steady economic growth, with projected GDP increases of around 2.7 percent annually from 2018 to 2023, and a 2.5 percent increase from 2023 to 2028. This suggests a positive trajectory for the job market in the coming years.


Labor market statistics are critical in understanding the dynamics of New Zealand's workforce, including the rates of employment, unemployment, and those not in the labor force. Regular statistical releases, combining household and business survey data with administrative records, provide comprehensive insights into job availability and earnings within the country.


Economic Overview

The economic landscape of New Zealand has encountered challenges and shown resilience, shaped by factors including gross domestic product (GDP) performance and the impact of global events such as the COVID-19 pandemic.


GDP and Job Growth

New Zealand's GDP is a crucial indicator of the economy's health, reflecting the total economic output. Since the impact of COVID-19, the nation has been focused on economic recovery, with job growth as a central goal. Economic policies have been geared towards stimulating industries and employment rates have been closely monitored to assess the effectiveness of these initiatives.


Impact of COVID-19

The advent of COVID-19 dramatically altered the dynamics of New Zealand's labor market. It precipitated significant shifts in employment as some sectors faced downturns, while others saw a surge in demand. Government interventions aimed to mitigate the economic fallout, emphasising support for businesses and job retention. As New Zealand navigates the post-pandemic era, the focus remains on stabilising the labor market and fostering sustainable job growth.


Job Market Dynamics


A bustling office with diverse job seekers and employers exchanging resumes and discussing opportunities. Brightly colored job postings adorn the walls, reflecting the dynamic and competitive nature of the New Zealand job market

The job market in New Zealand is characterised by its resilience and evolving landscape, influenced by factors such as skill shortages and changes in labor force participation.


Labour Market Statistics

New Zealand’s labor market has shown steady employment growth, with historical data reflecting a low unemployment rate. As of late, there has been a notable shift with employment statistics suggesting an adaptable economy. For instance, after the COVID-19 outbreak, the unemployment rate rose to a peak but subsequently demonstrated recovery.


Skills and Employment Trends

The demand for specific skills in New Zealand has led to recognising occupations on Immigration New Zealand's skill shortage lists. Industries such as IT, healthcare, tourism, agriculture, and construction are pivotal to the economy. Employment trends indicate a high demand for skilled workers in these sectors.


Underutilisation and NEET

Underutilisation, which includes those who are unemployed, underemployed or part of the workforce that could potentially work more, remains a focal point in understanding the job market dynamics. Moreover, the NEET (Not in Employment, Education, or Training) rate indicates the population that is not actively contributing to the workforce, affecting the overall labor market health.


Labour Force Participation

The labor force participation rate refers to the number of people who are actively employed or seeking employment. New Zealand's labor market has noted a resilient participation rate, even though it faced challenges such as the lockdown in March 2020. It has been observed that the participation rate is a strong indicator of the job market's robustness.

 

Employment Opportunities by Sector


A bustling city skyline with various industry buildings and job sectors represented, such as finance, technology, healthcare, and construction

The New Zealand job market presents a diverse range of opportunities across various sectors. Notably, certain industries exhibit a steady demand for skilled workers, prominently in construction and infrastructure, technology and innovation, as well as health and education.





Construction and Infrastructure

The construction sector is a significant contributor to job opportunities in New Zealand. Frequent developments in infrastructure lead to a consistent demand for skilled labor. Construction roles range from manual labor to site management and engineering. Immigration New Zealand recognises the need for construction skills, often highlighting them on skill shortage lists.

  • Key Roles:

  • Construction Manager

  • Project Manager

  • Civil Engineer

  • Quantity Surveyor

  • Carpenter

  • Skills in Demand:

  • Project management

  • Structural engineering

  • Architecture and design

Technology and Innovation

New Zealand's technology sector is rapidly growing, offering numerous job opportunities for IT professionals. The emphasis on innovation drives the need for talent in software development, cyber security, and data analysis. The tech industry values both technical skills and creative problem-solving abilities.

  • Key Roles:

  • Software Developer

  • IT Project Manager

  • Data Analyst

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