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In 2006 the number of construction workers in the East Midlands accounted for 7.19% of the UK Construction Industry. By 2010 this figure is expected to rise to 7.22%
Source: Construction Skills Network Model, 2006: Experian Revised Key Facts for 2009-2013Employment in the region is predicted to total around 165,000 in 2009 and to rise to over 172,000 in 2012, an increase of 4.6% Annual average construction output growth of 2% is forecast for the East Midlands, higher than the national average, with strong rises in the infrastructure and public non-resicential sectors Construction ouptut is forecast to be 10% higher in 2012 than in 2009 and the industry will need to recruit an additional 3,600 new workers each year to meet the requirements generated by anticipated demand and replacement need The areas with the highest growth rates for the 2009 to 2013 period are Northern Ireland, the East of England and the East Midlands. Recent events in the UK economy have changed the short-term pricture for construction There is little doubt that house prices will fall to some extent over the short term, with a consequent effect on new house building There are also indications that commercial developers are re-assessing the economic viability of projects currently on the drawing board. However, there are still plenty of major nfrastructure projects on-site or in the pipeline, albeit start dates might be a little more uncertain. Output in 2007 was not a good year for the construction sector in the East Midlands, with output in real terms falling by around 6%. Whilst the industry will always suffer from cylical fluctuations, overall cosntruction in the East Midlands grew by around 28% in real terms between 1990 and 2007. However growth has been much stronger in the new work sector (43%) than in R&M (11%). Total output is predicted to be 39% higher than in 1990 by 2013 with growth of 59% in new work and 15% in R&M. --------------------------------------------------------
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