Contractors urged to “hire now” as labour supply crunch looms

Contractors are being urged to “hire now” as further evidence of a looming labour supply crunch in construction emerged today.
Latest labour market statistics from the ONS show construction is getting tighter while the rest of the labour market loosens.
Construction job vacancies grew 14.9% on the year while decreasing by 14.4% for the economy in general. They are now 44% higher than the pre-pandemic level.Wage growth also continued to strengthen in construction with another 4.2% ris