The number of persons employed in the construction of residential and non-residential buildings in the UK is forecasted to steadily increase from 359.04 thousand in 2024 to 367.48 thousand in 2028. This represents a compound annual growth rate (CAGR) of approximately 0.57% during this forecast period. The annual employment growth is fairly consistent, with a year-on-year increase of about 0.6%.
Future trends to watch:
- Potential impacts of economic fluctuations on employment rates in construction.
- Technological advancements and their influence on labor demand.
- Government policies affecting housing and infrastructure projects.
