East Midlands unemployment remains below the national average

Unemployment in the East Midlands continues to be lower than the national average according to figures released this morning.

Monthly data published by the Office for National Statistics showed unemployment in the region of 4.0% for the three months February to April 2018 compared with 4.19% for the UK. The regional figure was down 0.1% on the three months of November to January.

According to the ONS, the number of people unemployed in the East Midlands for the period from February to April was 96,050, down 2,176 from the 98,226 recorded for November to January.

The number of people shown as in work for the three months February to April was 2,303,383, up 27,074 from the 2,276,309 of the previous quarter and 53,191 higher than a year ago.

Scott Knowles, Chief Executive at East Midlands Chamber, said: “Today’s figures confirm once again that the East Midlands is a serious contributor to the national economy; the region continuing to create jobs, opportunities and wealth despite the uncertainty of Brexit and the Government’s ongoing under-investment in the region.

“If we can achieve these figures despite receiving only 60% of the national average for infrastructure investment – which includes road and rail improvements and internet and mobile connectivity – just think what we could achieve if Government were to recognise the importance of this area.”

James Pinchbeck, Marketing Partner at Streets Chartered Accountants adds: “Wage growth is an outcome of either wage pressure and demands from employees or the need or ability for employers to increase pay for their staff.

“Overall whilst we have seen pay pressure from businesses seeking to recruit or retain staff and in particular certain skills, uncertainty in the economy and challenges around productivity have possibly suppressed potential pay increases. Business are also seeing continued increases in payroll costs with increased in Auto-Enrolment, the living and minimum wage.”

This morning’s figures from the ONS showed the number of people claiming Jobseeker’s Allowance across Derbyshire, Nottinghamshire and Leicestershire in May was 36,495, down 600 compared with April.