Forecast: Employment in Building Completion and Finishing Sector in the UK

The employment in the Building Completion and Finishing sector in the UK has experienced varied growth since 2013. Employment grew from 144.28 thousand full-time equivalents in 2013 to 212.07 thousand in 2023, reflecting an overall positive trend despite some fluctuations. Year-on-year growth peaked at 13.77% in 2015, while the highest decline of -5.71% was recorded in 2013. Over the last two years, employment has increased modestly, with a 1.07% rise in 2022 and 1.04% in 2023. The compound annual growth rate (CAGR) for the past five years stands at 1.32%.

From 2024 onwards, employment is forecasted to continue growing, reaching 222.33 thousand by 2028. The forecasted five-year CAGR is 0.75%, with an expected overall growth rate of 3.79% during this period.

Future Trends to Watch For:

• Technological advancements and automation impacting job roles and workforce demand.
• Regulatory changes and sustainability initiatives potentially driving sector growth and employment requirements.
• Economic fluctuations and construction sector performance influencing employment trends.