Businesses struggling to find staff as unemployment rate hits 34-year low

New Zealand has reached its lowest level of unemployment since before the global financial crisis but this has left businesses struggling to find staff. 

Thousands more Kiwis have found work, sending our unemployment rate to below 4 percent.

While that's great news for workers, whose wages are increasing, it's making things tough for businesses desperate for more staff. 

Almost everyone in New Zealand is on the payroll, with our new unemployment rate sitting at 3.4 percent.

"Absolutely fantastic news for New Zealand, unemployment is at a historic low, it's at its joint-lowest rate since 1986," Council of Trade Unions economist Craig Renney tells Newshub. 

The amount of Kiwis finding jobs has boomed with 54,000 more Kiwis nabbing jobs in the three months to September, most of them women. 

So with businesses shutting in the pandemic, or struggling to hold onto staff, who's hiring? The answer's health care.

"There's 65 vacancies already, they're general practitioners, nurses, psychologists, so, across the board," ProCare CEO Bindi Norwell tells Newshub. 

Most of the jobs filled in the quarter were in Auckland but Waikato, Wellington, Canterbury and Bay of Plenty all saw large increases in employment too. 

There are still 98,000 people unemployed. If you're one of them, there are plenty of businesses wanting you, including a commercial kitchen in Canterbury. 

"We've been getting chefs poached and spending all this money on advertising for chefs and just getting zero applicants," Flip Grater from Grater Goods Christchurch tells Newshub. 

Or you could work on a construction site in the capital.

"If you're a qualified builder, you pretty much hold everything, you can ask for anything, if you want to change companies, you hold all the power really," Horns Construction owner Benjamin Horn says. 

There is a warning for employers, with an ANZ economist predicting a lot of poaching.

"You will see a lot of resignations, probably more than usual and that really just reflects workers being poached by other employees or looking for better opportunities," ANZ economist Finn Robinson tells Newshub.

Because workers are worth their weight in gold. 

Watch full story above.