Tuesday, 08 October 2013 17:15

Quartery earnings & employment figures for construction industry

Industry Insight has published its latest report and included in this is an overview of the average monthly earnings and employment figures. The report shows the industry's highs and low and explains that although the construction industry shed 3000 jobs during the 2nd quarter of 2013, which translated to a contraction of 0.7 percent since the 1 quarter of 2013, there is an flip side too. In spite of this job losses, the average monthly earnings in the construction sector has actually increased by 11,2 percent, which is actually the strongest increase across all other sectors in the country.

The average increase in monthly earnings (for all formal non agricultural industries) was 6,7 percent. There are approximately 429 000 people ""employed"" in the construction sector. The broader definition including employees and employers (self-employed) is just over 1 million people working in the construction industry.