News - 17 April 2014

Chamber Welcomes Positive Employment Figures

The number of people claiming out of work benefits in Derbyshire, Nottinghamshire and Leicestershire fell significantly in March, providing further evidence that the economic recovery is gathering pace.

The number of Jobseekers Allowance (JSA) claimants in the three cities dropped from 27,299 to 26,408 in March, while in the three counties, the number fell from 30,967 to 29,709.

The figures are significantly lower than they were this time last year, when the claimant count stood at 35,009 in the cities and 41,564 in the counties.

Across the East Midlands, the total number of people in employment between December and February fell by around 13,000 compared to the previous three months and the total unemployed figure increased by around 14,000. 

However, the year-on-year figures are far more positive. They show there are now almost 50,000 more people in work than at this time in 2013 and the total number of people unemployed has fallen by around 12,000 over the 12 months.

Welcoming the figures, George Cowcher, Chief Executive of the Chamber of Commerce for Derbyshire, Nottinghamshire and Leicestershire, said: “Following slight increases in JSA in January and February, the fact that the number of claimants has fallen significantly in March is great news and provides further evidence that the economy is strengthening.

  • “The findings reflect the results of the Chamber’s recent Quarterly Economic Survey, which found that around 30% of local businesses increased the size of their workforce in the first three months of this year, with a third planning to recruit staff in the months ahead.
  • “The short-term increase in unemployment and decrease in employment is of a slight concern but is an historic seasonal trend. However, the year-on-year figures show we have made good progress and we shouldn’t set too much store by short-term variations.
  • “Overall the jobs market is still improving and suggests the recovery is making great progress thanks to this growth in private sector jobs.
  • “Against this backdrop, it is vital that Government makes every effort to tackle youth unemployment and improve productivity while introducing measures to boost investment and exports.”
  • “Overall the jobs market is still improving and suggests that the recovery is making great progress. Against this backdrop, it is vital that Government makes every effort to tackle youth unemployment and improve productivity while introducing measures to boost investment and exports.”

Source: DNLCC

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