Teller Report

Now you can see non-English news...

Unemployment is rising among construction workers

2019-10-23T06:51:46.144Z

Over 20,000 fewer homes will be built next year compared to the peak year 2017. It will also have consequences for jobs in the construction industry where thousands of jobs can disappear.



Total construction investment will decrease for both this year and next year. The last time this happened, two consecutive years, was in connection with the financial crisis, shows the Swedish Construction Industry's new forecast.

-It is a big problem, not least that housing construction is declining so sharply. We can see that this is due to credit restrictions (more difficult to borrow red) people who need housing cannot demand housing, says Catharina Elmsäter-Svärd, CEO of Sweden's Construction Industries to SVT.

Residential construction does not collapse and is not enough

The forecast for construction of housing for next year is 41,000. This is a fall of 36 percent since the peak year 2017. It is also clear below what the State Housing Agency believes is the needs of society, which is 64,000 new homes per year.

Catharina Elmsäter-Svärd believes that the mortgage ceiling, that is, the part of the home purchase that you cannot borrow, represents a major obstacle, especially for younger home buyers.

The job goes away

It follows from the gloomy forecast that the number of employed persons in builders will be 7,000 fewer next year, although construction is expected to continue well. But that part of construction should solve the unemployment issue is not given.

- It's not as easy to match over to the specialist professions as, for example, railroad technicians, says Catharina Elmsäter-Svärd at Sweden's Construction Industries.

Source: svt

You may like

News/Politics 2019-09-10T22:52:28.119Z
Business 2019-09-20T11:19:39.778Z
Business 2019-11-13T07:28:52.541Z
News/Politics 2019-10-23T06:51:46.144Z
News/Politics 2019-10-14T08:19:20.952Z
News/Politics 2019-08-28T11:59:26.188Z
Business 2019-08-14T14:52:22.613Z

Trends 24h

Latest

© Communities 2019 - Privacy