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East Midlands Chamber News

Employment rates hold steady but uncertainty continues to hamper businesses

The number of people in work in the East Midlands remained steady in the months from May to July, following a previous rise in the April to June period, according to the latest set of figures.

Data from the Office for National Statistics showed there were 924 fewer people in work in the region between May and July – a fall of 0.05% on April to June.

The ONS figures reveal there were 73,513 more people in work in the period May to July 2019 than the equivalent figures from a year ago, a 1.6% increase, resulting in a current regional employment rate of 61.4%.

The unemployment rate for the East Midlands was 4.6%, 0.3% higher than the previous month’s figure and 0.5% higher than the same period a year ago. The current UK unemployment figure is 3.8%.

The number of people claiming Jobseeker’s Allowance across Derbyshire, Nottinghamshire and Leicestershire rose by 1,580 in August compared with July according to the ONS.

Scott Knowles, Chief Executive at East Midlands Chamber*, said: “The latest set of figures are broadly where we would expect them to be and it’s encouraging to see the East Midlands’ jobs market remaining robust, with over 70,000 more in work in our region than in the corresponding period a year ago.

“However the slight increase in unemployment is yet another reminder that we cannot take business growth and job creation for granted. These continue to be challenging and uncertain times and healthy employment rates will be heavily influenced on our businesses being given the support and assurances they need to plan ahead, grow and create jobs which are essential for a thriving regional – and national – economy.”