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Rise in self-employment eases as construction employment prospects improve

Rise in self-employment eases as construction employment prospects improve

The latest construction-sector labour market data is encouraging, if you are a worker that is. The data show the level of employment at the end of last year was at its highest since 2009. Unemployed former construction workers are now as thin on the ground as they were in the best of times before the recession. And wages appear to be steadily improving. The earnings data suggest total average earnings within construction were up 3.6% on a year ago. As…

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Construction’s daunting challenge: Find one million new recruits in a decade

Construction’s daunting challenge: Find one million new recruits in a decade

Construction will see faster employment growth than any other of the six major business sectors, according to projections by UK Commission for Employment and Skills. Between 2012 and 2022 the average annual rate of expansion in the construction workforce is put at 1.4%. That compares with 0.6% for the economy as a whole (see top graph). Even when you look at the economy divided more finely into 22 sectors, construction still comes out third, after information technology and electricity and…

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