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Construction job losses

The construction industry is facing a 'decade of pain', with around 60,000 jobs lost last year. According to a new report, 2012 saw downturn in public sector housing contracts, a fall in private housing contracts and infrastructure construction.

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Downturn in construction contracts causes job losses

There are around 150,000 unemployed construction workers, potentially costing the economy £2.1 billion a year in benefits and lost tax revenue, a report has said.

In 2012, 60,000 people lost their jobs, with the demand for construction work falling:

  • 20% downturn in public sector housing contracts
  • 5% fall in the private housing sector
  • 15% cut in road and other infrastructure construction

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