VIC ponzi economy leads construction jobs boom

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By Leith van Onselen

Yesterday’s article, The Botox economy takes flight, showed that the construction industry was one of the key job creators in the year to August, adding some 83,000 jobs in trend terms:

The same ABS data also revealed that construction employment nationally also rose to a record high 1,155,000 people in August, with construction’s share of total employment also hitting an all-time high 9.4% in trend terms:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.