The Society of Chartered Surveyors predicted that 40,000 more jobs will be lost in the property and construction sector throughout this year, 2010.
The number of people employed within this sector will fall to under 100,000 from a higher figure of 267,000 as recently as 2007.
Mr Ken Cribbin, the president of the society said that the Government's failure to tackle the unemployment crisis within this sector was 'totally unacceptable'.
Mr Ken Cribbin continued, "As a matter of urgency the Government needs to tackle this unemployment crisis. That involves real political leadership and engagement and we need it now!’
The Society of Chartered Surveyors called on the Government to appoint a chief adviser to head a new Construction Industry Consultative Council. This body would be tasked with promoting a sustainable industry over the medium to long-term.
Here at Greengates Builders Merchants Accrington, Lancashire we were truly mortified to hear that so many people within the property and construction sector are likely to lose their jobs this year. The recession has hit us all hard, businesses have shut down whilst others have struggled to keep going and many people have become unemployed due to the downturn in the economic climate. There have been reports that the recession is now over however this only seems to be true in certain sectors and as this article reports the recession is far from being over within the property and construction sector. Here at Greengates Builders Merchants Accrington, Lancashire we are staying positive and looking to the future in the hope that the recession will soon be over for all sectors.