Construction jobs boomed into virus bust

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Throughout 2019, MB warned that Australia’s construction industry was facing heavy job losses.

The main driver of this projected fall in construction jobs was dwelling construction, which fell by 12.8% in the 2019 calendar year:

On Friday, the ABS released quarterly employment data by industry, which showed that construction jobs instead hit a fresh all-time high, with 1,191,000 Australians employed in construction over the February quarter, accounting for 9.1% of all jobs:

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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.