200,000 new construction jobs, that might be in security fencing
projects, are expected to be created by 2015, but not before firms see out a difficult 2011, new data shows.
According to the latest forecasts from ConstructionSkills, 76,000 construction jobs are likely to go in 2011, as the sector contracts by one per cent across the year. This downturn follows on from a better-than-expected 2010, it said.
But while predicted job losses will inevitably hit businesses hard, this period of initial decline will plateau before enjoying a period of sustained recovery, ConstructionSkills says.
Output is expected to grow between 2013 and 2015, expanding by an average of one per cent across the whole period. This will mean more than 200,000 new workers will be needed to complete planned projects - or an annual recruitment requirement of 43,000.
"The next couple of years will be really tough for the industry. But as the CSN forecasts show, there are signs of longer-term confidence returning to the market," Judy Lowe, deputy chairman of ConstructionSkills, said.
"Major infrastructure investment has been announced, particularly in rail and water, and work is starting on the Cheese Grater, the Walkie-Talkie and Darth Vader's Helmet – exotic names, but proof investment is being made."
Figures released this week from the Office of National Statistics show that construction output fell by 3.3 per cent between October and December last year. That drove an overall contraction of 0.5 per cent in the UK economy.