Construction job ads fall 25%. Worse to come

Friday 31 May 2019

The latest dwelling construction data has painted an ominous picture for Australia’s jobs market.

Earlier this week, the ABS released its Value of Construction Work Done data for the March quarter, which showed that residential construction activity fell for three consecutive quarters, down 6.1%:

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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.