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Construction industry a bright lightProposed government infrastructure spending should help Ontario's construction industry weather the recession better than many other sectors, the industry's Construction Sector Council said last week. THE CANADIAN PRESS |
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The council's relatively cheery outlook is contained in a report released last Wednesday called "Construction Looking Forward," a detailed outlook at labour market trends in the industry in Ontario from 2009 to 2017.
While the recession has weakened housing and industrial activity, other construction sectors are expected to take up some of the employment slack this year and next year due to increased government spending on highways, bridges and other projects, the report said.
"Despite the downturn, employment numbers should remain steady as several proposed major infrastructure projects across Ontario come on-line," council executive director George Gritziotis said .
The council said increased construction activity as the economy recovers and the need to replace retiring baby boomers will translate into 135,000 new jobs over the next decade.
"The GTA will lead the province in construction employment over the next few years as growth remains steady," while other regions will feel the effects of the recession more strongly over the next three years, the report said.
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