New labour force data release following warnings that construction is 141,000 workers short
ABS Labour Force data for August shows unemployment nearing a five-year high. The construction sector is reportedly 141,000 workers short, compounding existing industry pressure.
141,000 workers short in construction, as unemployment approaches a five-year high per August ABS Labour Force data.
How bad is the construction worker shortage and what does it mean for my trade business?
Affects builders, plumbers, electricians and all trade types. Worker shortages mean longer project timelines, harder subcontractor sourcing, and upward pressure on labour costs.
Key takeaways
- Australia's construction sector is 141,000 workers short, according to recent industry warnings.
- ABS August Labour Force data shows unemployment closing in on a five-year high.
- Worker shortages can stretch project timelines and make finding subcontractors harder.
- Tight labour supply is likely to keep upward pressure on wages across all trade types.
Related
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Master Builders Australia has published a news item saying the ATO is stepping up its debt collection against small businesses. The text provided gives no further detail on the measures, timing or amounts.
Why it matters: Builders and other trade businesses with outstanding tax debts may face firmer ATO collection action, which could strain cash flow. Details are not in the source text, so check the ATO or Master Builders directly.
Builders Oppose Proposed Jobs Framework and Supplier Code
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Why it matters: Builders and contractors working on or seeking Commonwealth-funded projects could face new employment and supplier requirements. The practical impact is unclear until details of the proposals are released.
WA passes new payment protection laws for subcontractors
Western Australia's Parliament has passed new payment protection laws for subcontractors. The changes, made through an amendment to the Building and Construction Industry (Security of Payment) legislation, aim to give subcontractors stronger protection against insolvency.
Why it matters: Subcontractors in WA, including plumbers, electricians, carpenters and other trades, get stronger protection if a head contractor becomes insolvent. This could reduce the risk of unpaid work and cash flow problems.