Latest data shows that the number of new vacancies within the construction sector has grown significantly over the last few months.
The Association of Professional Staffing Companies (APSCo) research, using data provided by Broadbean, revealed that from December 2023, the number of new postings increased by 64% in January and 51% in February.
The findings also show that salaries within the construction industry have risen – a 6.5% year-on-year increase last month.
Ann Swain, Global CEO of APSCo, commented, “The construction sector is often seen as a bellwether of the economy and a downturn in this market usually represents a challenging economic climate, which is what we saw over the course of last year.
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“The sector has faced difficulties as a result of global geopolitical issues with supply chain costs rising and an ongoing shortage of talent.
“However, there are signs of positivity and the growth in both new jobs and applications seen at the start of 2024 as output increases suggests that the market could be turning.
“The aforementioned shortages of skills – along with rising inflation levels and the cost-of-living crisis – have led to a significant rise in salaries, which can only be good news for the future of the sector.”
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