The forecast for labor cost per employee FTE in the construction of residential and non-residential buildings in the UK indicates a slight decrease from 2024 to 2028. Starting at 38.0 thousand Euros in 2024, the cost gradually declines to 37.7 thousand Euros by 2028. The data reflects a minor downward trend in labor costs, suggesting an average annual contraction (CAGR) over the five-year forecasted period.

Trends to Watch:

The impact of automation and technological advancements on labor costs.
Inflation and economic trends influencing wage adjustments.
Potential changes in labor market dynamics, including demand for specialized skills.