Construction is a very new industry to most Australians, but for many it is becoming a big part of the national economy.
Key points:More than 200,000 Australians are employed in constructionThe number of people employed in the construction industry has grown by around 4.4% over the past 12 monthsConstruction is a booming sector with an estimated total of about 140,000 jobs across the country.
It is estimated that the construction sector employs more than 20,000 people across Australia and is expected to grow by over 10% by 2020.
Construction jobs are in high demand across the nation and many are in the capital.
A new industryWith construction jobs in high supply, the growth of the construction business is likely to be the most important driver of the economy in the next 10 years, the Reserve Bank said in its research report.
The growth in construction is being fuelled by a boom in the number of Australians working in the industry.
According to the Australian Construction Council (ACCC), construction is expected by 2020 to have more than $10 billion in annual employment, representing 8.2% of the total labour force.
The report also showed that construction workers are likely to see a big boost from the Government’s infrastructure package, with the construction of roads and roads infrastructure projects expected to add $8 billion to the economy.
The Government is also expected to boost the construction jobs market with the introduction of an increase in the National Construction Allowance and the Government will provide an additional $20 million in funding for new construction projects.
While construction jobs are the most popular type of employment in Australia, the industry has faced challenges in recent years.
In 2014, a survey by the National Employment Research Centre found that more than half of construction jobs were insecure and more than one-third of construction workers were unemployed.
The Construction Industry Union of Australia has called for more government investment in the sector, and has called on the Government to make it easier for workers to join the construction workforce.
“Construction is an industry that has been growing at an extraordinary rate and is a vital component of the Australian economy,” the union said.
“It is a sector that has a lot of potential to be a driver of economic growth in the future, and I believe that we need to ensure that it is one of the drivers of that growth.”