Declining Employment Insurance Subscribers and Rising Unemployment Benefits in the Construction Sector Highlight Industry Struggles
The ongoing slump in the construction sector has led to a 13-month consecutive decline in the number of employment insurance subscribers, The ongoing slump in the construction sector has led to a 13-month consecutive decline in the number of employment insurance subscribers, while new unemployment benefit claims have surged by 23% over the past year. This blog post examines the latest statistics to analyze the employment situation in the construction industry and the trends in unemployment benefits, highlighting the current challenges faced by the sector. 1. Construction Sector Employment Insurance Subscribers Down for 13 Consecutive Months According to the Ministry of Employment and Labor, as of the end of August, the total number of regular employment insurance subscribers was 15.45 million, an increase of 220,000 (1.4%) compared to the previous year. The service sector led this increase with 192,000 more subscribers, primarily in health and welfare, business services, professional s...