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Further Fall in North East Unemployment

 

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

Latest figures have revealed a fall in North East unemploymentThe North East Chamber of Commerce (NECC) welcomed estimates showing another fall in unemployment rates in the region today.

Headline figures for the North East:

• North East unemployment stands at 134,000 or 10.4% – a fall of 11,000 over the quarter and 4,000 over the year. This compares to a rate of 8.1% nationally.
• Employment in the North East stands at 1,159,000 or 66.9% – a rise of 1,000 over the quarter and 12,000 over the year. This compares to a rate of 71.2% nationally.
• The claimant count stands at 93,500 or 7.7% in the North East, compared to 4.8% nationally.

North East Chamber of Commerce Director of Policy, Ross Smith, said:

"There is encouragement to be gained in these figures with all statistical changes going in the right direction this month. We particularly welcome the news that employment is up to its highest point in two years and year-on-year is growing quicker than for the UK as a whole.

"Unemployment remains significantly higher than two years ago, but appears to be on a downward trend and is again moving quicker here than for the rest of the UK. The slight caveat is that this decrease seems to have stalled both regionally and nationally this month, but longer term trends are more reliable and the 11,000 fall in the North East over the quarter is excellent news.

"These figures tally with our own research. Workforce scores in NECC's Quarterly Economic Survey have been optimistic this year, emphasising that these positive changes are driven by the private sector in the face of continuing public sector cutbacks. This makes any positive movement an even bigger achievement for the region's businesses, given the relative size of the sectors here prior to 2010."