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Employment in the construction industry increased 17% last year

The number of workers in the construction industry in relation to dependency grew 4.3% in April compared to March 2022 and 17.2% in the year-on-year comparison.

According to the latest report from the General Counsel on Social Security (AGSS) of the Social Security Bank (BPS), the number of dependent contributing positions in construction in April 2022 was 53,159, 4.3% more than the previous month, when there were 50,923 workers in that condition.

In the year-on-year comparisongrowth it was 17.2% since in April 2021 the number of workers in a dependency relationship was 45,332, about 7,827 less.

The data of April 2022 is the second highest since May 2018second only to month of december 2021when the number of dependents in the construction reached 54,641. Currently, the sector’s main drivers of employment are the construction of UPM’s second pulp mill in Paso de los Toros and the work on the Central Railroad, projects that directly generate some 10,000 jobs.

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This growth of workers in a dependency relationship occurs in a context in which construction remains firm with large works and is one of the influential sectors in growthaccording to him latest Ceres Leading Index (CLI) which increased 0.5% in May.

At the employment level in general, the unemployment rate stood at 7.7% in April and remained unchanged from March, According to data released on Tuesday, May 31 by the National Statistics Institute (INE). In this way, the number of unemployed was estimated at 137,800 people. These unemployment rates are lower than those registered for the same month of 2020 and 2021, when they reached figures of 9.7%.

According to the last Construction Sector Expectations Reportprepared in March by the Center for Economic Studies of the Construction Industry (Ceeic), the companies of the sector maintain a positive perception of the current situation of the economy although there is evidence of slight drop in the current balance of the sector yes ok continue on positive ground.

On the other hand, the results of the survey show that the expectations of both the sector and the economy as a whole present a negative balance. Thus, the The climate of the economy and the sector are moving into a zone of deterioration, characterized by a favorable current situation, but negative expectations.

The expectations of businessmen regarding the evolution of prices are on the rise. Imported inputs are consolidated as an explanatory factor in the variation of costs in the sector, explains the report.

Along these lines, the president of the Chamber of Construction, Diego O´Neillhad expressed himself regarding a “explosive combo” made up of a “large” increase in inputs (aluminum, iron, among others) that increase construction costsand one exchange rate drop affecting, for example, the contracts that exist within the sector.

It’s a double trouble”, warned the executive on Thursday, May 26 in a lunch organized by the Association of Marketing Directors (ADM). The construction industry has some uncertainty about the performance of the sector for 2023 once the UPM plant is completed (first quarter of that year) and the Central Railway (May 2023).

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