Despite signs of a modest recovery in home building in some states and high levels of activity in resource investment, the construction industry’s labour market in Australia remains weak with the latest figures showing job vacancies in the industry near two-year lows.

According to the most recent ABS data, the overall number of job vacancies throughout the construction industry in Australia dropped from 16,500 in May to 12,800 at the end of August. That marked the second lowest figure on record since November 2009 and stood at just over half the 23,900…