The construction sector lost 35% of its formal jobs in the last year

The level of formal employment in construction fell 2% in May against April, completing a period of nine consecutive months of losses equal to or higher than that percentage, according to the monthly report of the Institute of Statistics and Registration of the Construction Industry (IERIC). The study indicated that for the first five months of the year employment accumulated a drop of 25.8% year-on-year, while about 150 thousand jobs were lost in the construction industry in 2020 until May.

Source: Infobae