New Caledonia: Unemployment rate

(measure: percent; Source: The World Bank)
* indicates monthly or quarterly data series

New Caledonia: Unemployment rate

: For that indicator, we provide data for New Caledonia from 1991 to 2019. The average value for New Caledonia during that period was 15.75 percent with a minimum of 12.46 percent in 2008 and a maximum of 18.92 percent in 1994. The latest value from 2019 is 12.8 percent. For comparison, the world average in 2019 based on 182 countries is 7.04 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series
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The unemployment rate in New Caledonia and other countries is defined as the number of unemployed people as percent of the labor force. The labor force includes the people who are either employed or unemployed, i.e. who don't have a job but are actively looking for one. The labor force does not include people who are not looking for work, children, and the retired.

The unemployment rate seldom declines below 4-5 percent even during boom times. There are always people who move between different sectors of the economy or between cities. When the economy goes into recession, then unemployment can reach much higher numbers, sometimes even in the double digits.

Definition: Unemployment refers to the share of the labor force that is without work but available for and seeking employment.
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