In 2023, the number of persons employed in building projects developments in the UK was recorded as 115.65 thousand employees. According to the forecasted data, there is a projected steady increase in employment numbers from 2024 to 2028. The year-on-year variation shows a consistent trend: 1.8% increase from 2024 to 2025, 1.7% from 2025 to 2026, 1.7% from 2026 to 2027, and 1.6% from 2027 to 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is 1.8%.
Future trends to watch for:
- Impact of technological advancements on employment numbers through potential automation and increased efficiency.
- Potential changes in employment driven by government policies on infrastructure spending and housing development.
- Influences of economic shifts, including post-Brexit effects and international investment flows, on the construction sector's labor demand.
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