As the housing recovery takes hold in Australia, positive trends continue to emerge in the construction sector. The latest amongst these is a rise in vacancies.
Latest data published by the Australian Bureau of Statistics demonstrates an upswing in vacancies signifying an increase in demand for workers in the industry. This comes on the back of news regarding an increase in overall employment in the sector.
The number of vacancies rose significantly from 9,900 at the end of November last year to up to 13,900 by the end of February. These numbers are also more than 1,100 vacancies up from the same time last year.
A potential sign of concern in the rise of vacancies is the potential of a shortfall of workers. Some industry analysts have already begun to see signs of shortages emerge in certain trade areas and this will have to be remedied as activity in the sector picks up further. Overall though, the industry continues to positively counteract the general economy as the upswing in vacancies comes at a time when overall vacancies are down by nearly 4 percent.
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