NZ Unemployment Rate preview: consensus 5.5% after a 5.6% print
| Pair | Now | Since publish |
|---|---|---|
| NZDUSD | — | — |
New Zealand’s Unemployment Rate is due on 2026-11-03 at 21:45 UTC, and it carries a High impact rating. The consensus is 5.5%, a tenth of a point below the previous reading of 5.6%. The last release came in above forecast, so this one is watched for whether the rate holds at that level or moves back toward consensus. Labour data is a core input for how traders read New Zealand’s domestic economy, which is why the release draws attention.
Our price feed shows how hard past releases have hit. The median 1-hour move on NZDUSD is 15 pips, and the top-quarter releases moved 27+ pips (41 releases since 2015). Among the crosses, GBPNZD has the largest numbers, with a median of 37 pips and 74+ pips in the top quarter (41 releases). EURNZD shows a median of 34 pips and 62+ pips (40 releases). AUDNZD shows 17 pips and 36+ pips (40 releases). The other NZD pairs are smaller: NZDJPY at 19 pips median and 29+ top quarter, NZDCAD at 17 and 30+, and NZDCHF at 11 and 26+.
Recent prints have been close to forecast. The last six releases show two in line with consensus and four that missed it by 0.1 to 0.2 points. The latest, on Aug 5, 2026, printed 5.6% against a 5.4% forecast, and NZDUSD moved -20 pips over the following hour. The May 2026 print of 5.3% against 5.5% was followed by +17 pips. Over these six releases the NZDUSD 1-hour move ranged from -3.2 to -20 pips on the downside and up to +17 pips on the upside. Our directional reliability statistics are not yet available, so no directional pattern is claimed here.