You're hired: unemployment near 14-year low

The construction industry remains a major driver of jobs growth. (Image: Deposit Photos)

Wed, 03 Nov 2021

Unemployment dropped to its lowest rate in nearly 14 years in the September quarter, helping drive up wages as employers fight for a diminishing pool of staff.The unemployment rate fell to 3.4% in the September quarter, matching the country’s lowest rate on record in December 2007, Stats NZ said. It was 4% in the June quarter and 5.3% in September 2020.“The fall in the unemployment rate is in line with reports of difficulty finding workers and high labour turnover, and continued travel restrictions on international arrivals, which p...

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