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Further Fall in North East Unemployment

 

The North East Chamber of Commerce (NECC) welcomed estimates showing a fall in unemployment rates in the region today.

NECC has welcomed estimates showing a fall in unemployment in the region.The North East Chamber of Commerce (NECC) welcomed estimates showing a fall in unemployment rates in the region today.

However, there remains a challenge to stimulate a stronger long-term increase in job numbers.

Headline figures for the North East:

• North East unemployment stands at 134,000 or 10.4% – a fall of 14,000 over the quarter but a rise of 4,000 over the year. This compares to a rate of 8% nationally.
• Employment in the North East stands at 1,156,000 or 66.6% – a fall of 2,000 over the quarter, but a rise of 1,000 over the year. This compares to a rate of 71% nationally.
• The claimant count stands at 94,000 or 7.7% in the North East, compared to 4% nationally.

North East Chamber of Commerce Head of Member Relations, Jonathan Walker, said:

"The unemployment figures are heading in the right direction. A drop of 14,000 in the quarter is significant and must be welcomed, but the number of people actually finding work seems to have reached a, hopefully temporary, plateau.

"NECC's Quarterly Economic Survey shows our members are still creating jobs and both manufacturing and the service sector experiencing periods of growth. With the QES demonstrating that the first half of this year has seen the largest increase in business positivity since 2008, it would be good to see this reflected in a significant increase in employment levels."