Construction's 'lost decade' jobs fear
A further 45,000 jobs will be lost in the construction industry this year as economic uncertainty continues, signalling a "lost decade" for the sector, a new report predicted today.
Output is set to fall by 3%, while growth will be "slow and uneven" for the next five years, with a 4% increase in output expected in 2013, followed by falls up to 2016, said CITB-ConstructionSkills.
The report said increasing economic uncertainty had "plagued" the industry, with changes to working practices adding to the gloomy outlook.
The biggest falls in employment will hit manual trades, with 6,300 fewer painters and decorators expected to be needed by 2016, 3,000 fewer labourers and 2,500 less bricklayers, according to the study.