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East Midlands Chamber News

Regional economy remains robust despite uncertainties


The number of people in work and the number unemployed across the East Midlands both increased in line with national patterns in the three months to the end of October, according to figures released this morning.


Nationally there were 79,000 more people in work in August to October than in the three months between May and July. The figures from the Office for National Statistics show 26,953 of the people who found jobs were in the East Midlands.


The number of people in work in the region rose from 2,278,202 to 2,305,155 when comparing the two periods, driving the employment rate up from 59.6% to 60.2%.


Comparing the same periods, the number of people out of work regionally rose by 7,299 from 96,348 to 103,647, giving an unemployment rate or 4.3%, which was slightly worse than the national figure of 4.1%.


The number of people in work was 53,905 higher than a year earlier and 26,439 more than two years ago. The number of people out of work was 5,240 higher than a year ago but 7,141 lower than two years earlier.


Other figures released by the ONS this morning showed there were 37,113 people claiming Jobseeker’s Allowance in November, 430 more than in October, 5,515 more than a year ago and 8,160 more than two years ago.


Broken down into cities and counties, Nottingham was the only place to report a fall in its claimant count, down 260 for the month, 530 for the year and 250 for two years.


Scott Knowles, Chief Executive at East Midlands Chamber, said: “Nationally, the ONS figures show an increase of about 79,000 people in work in the three months to the end of October and, of that net figure, almost 27,000 of the jobs were here in the East Midlands, which confirms the robustness of the regional economy.


“The figures show that despite the uncertainty of Brexit, despite fluctuations in the value of sterling, despite all the pressures on business, jobs continue to be created here in the East Midlands and we continue to be one of the most significant contributors to the national economy.”