Business - Money
Construction jobs down 15% in June
Friday, 15 August 2008
The latest figures from the Central Statistics Office show that employment in the construction industry had an annual drop of 15.2% in June.
The construction jobs index fell from 109.8 in June 2007 to 93.1 a year later.
The news comes after buildings materials firm Readymix announced losses of €9.6 million for the first six months of the year.
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In an interim statement, the company said it expected the downturn in the sector to continue well into next year.
The CSO also confirmed that the final figure for May showed a fall of 14.5% when compared to the same month in 2007.
Audio & Video
- News At One: Pat McArdle, Chief Economist at Ulster Bank, gives his view on the prospects for the building industry in the context of today's figures
- Business Today: Construction Industry Federation director general Tom Parlon says the backlog of unsold new houses is the main problem, and more job losses are likely
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