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Employment Downward Trend Continues

 

North East Chamber of Commerce (NECC) reaction to today's employment estimates.

For the third month in a row, employment and unemployment statistics are heading in the wrong direction for the North East.North East Chamber of Commerce (NECC) reaction to today's employment estimates.
Headline figures for the North East:

• Employment in the North East stands at 1,154,000 or 66.1% – a fall of 12,000 over the quarter and 2,000 over the year. This compares to a rate of 71.4% nationally.
• North East unemployment stands at 134,000 or 10.4% – a rise of 4,000 over the quarter but a fall of 6,000 over the year. This compares to a rate of 7.8% nationally.
• The claimant count stands at 87,600 or 7.1% in the North East, compared to 4.4% nationally.

NECC Director of Policy, Ross Smith, said: "These estimates make for more disappointing reading for the North East.

"Unemployment continues to rise above the 10% mark that we were regularly below in 2012, when significant regional progress was made.
Following a relatively static period over the last five months, the employment rate is beginning to lose pace with the national figures. However, if we focus on the positives, the claimant count continues to move in the right direction.

"Despite concern over these estimates, NECC members continue to report in our Quarterly Economic Survey that their workforce is growing, they are investing in their businesses and have more sales and orders than at any time since the recession began.

"The problem is this is not happening quickly enough to offset weaker parts of the economy, including the public sector. Many of our members would also say that they could grow their workforces more quickly if the right skills were available. It is critical that maximum effort is put into addressing skills shortages to help us grow the regional economy."