Construction vacancies dip but remain at near-record levels

By Carl Brown2022-06-15T10:29:00

Vacancies remain high, while weekly earnings 7.6% hike fails to keep pace with inflation

Construction vacancies reduced 4% in May but remain at historically high levels.

The latest official data shows there were 46,000 vacancies in the construction industry in April to May, down slightly from 48,000 in the overlapping period of February to April. Despite the drop, vacancies in the industry remain high, (see graph below) with the 46,000 figure only being surpassed on three occasions in the past 21 years, all within the past 10 months.

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