Construction jobs bust finally arrives

Friday 24 April 2020

For several quarters we have been tipping a sharp fall in construction jobs. This view was based upon two key developments.

First, dwelling approvals and commencements have collapsed with completions running close behind:

Second, the $52 billion National Broadband Network (NBN) was due to finish its rollout by 30 June.

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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.