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Much of that came from the suddenly robust construction sector, which had been inactive for several years.
A sharp slowdown in the construction sector, which slumped 4.7% in the quarter, was the main reason.
The slowing flow of retired people has decimated its construction sector, which is forecast to return to growth but remains sluggish today.
The driving force pulling growth downwards was the construction sector, which decreased by 4.7% – a larger drop than the market expected.
The construction sector, which accounts for about 6% of the UK economy, still has a long way to go to make up ground lost during the downturn.
Chief among those is a serious shortage of skills in the construction sector, which means builders are having to turn down projects because they don't have the staff to deliver them.
Similar(31)
From the estimates obtained by Eq. (3) (third and fifth columns), we find that the probability of becoming unemployed from the employed state increases for people who are foreign citizens, who are on fixed-term contracts, who work in the industrial or construction sectors (which are more sensitive to business cycles), and who are employed by small firms.
Moreover, 31.2% work in the manufacturing and construction sectors, which belong to labor-intensive sectors, and high-risk jobs, work areas in which overtime will severely harm their physical and mental health [ 4, 31].
While previous research has focused on general innovation evaluation models, limited research has been done regarding innovation evaluation in the macro-construction sector, which includes, apart from the traditional construction companies or contractors, all companies related to the infrastructure life-cycle.
In contrast, the percentage of the indigenous EAP working in specialized activities, such as employees or helpers, is always smaller than for the non-indigenous population, except in the construction sector, in which virtually all indigenous communities have a part of their work force dedicated to this activity, either as builders or helpers.
Nowhere is this more evident than the construction and property sector, which offers by far the most cost effective carbon cutting potential of any sector of the economy yet has been plagued by Government constantly moving the goalposts on key policies".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com