Employment prospects for the next quarter have reached their highest point since 2007, with construction now the second fastest growing industry in employment terms.
The Manpower Employment Outlook Survey, which used data from more than 2,000 employers, showed that construction’s net employment outlook is +9 per cent.
Net employment outlook is calculated by taking the percentage of survey respondents anticipating total employment to increase, and subtracting the percentage expecting to see a decrease in employment in the next quarter.
Construction’s net employment outlook is now +9 per cent for Q1 2015, and stands at +16 per cent over the course of the year – the highest point since Q4 2007.
Utilities saw the highest employment outlook, standing at +16 per cent for Q1 2015.
Manpower UK managing director Mark Cahill said: “In London we have seen the extraordinary statistic that one in three of the largest construction companies is having to turn down bidding opportunities due to a shortage of skilled labour.
“Construction firms need to think more creatively about how they deal with the skills shortage.”
The net employment outlook for the whole of the UK stands at +7 per cent – higher than Germany and France, which both stand at +5 per cent for Q1 2015.
Italy is the largest market showing a decline – its net employment outlook standss at -5 per cent for the same period.