LEP’s unemployment rate falls to 7 year low
The LEP’s unemployment rate fell to a seven-year low of 3.8% in the 12 months to June, figures have shown.
It is the lowest jobless rate since the first quarter of 2008, the Office for National Statistics said. The number of people out of work was 21,900 for the year, down 1,700 from the previous quarter.
The number in work rose by 6,100, bringing the employment rate to 77.2% – the highest rate since records began in 1971.
Some 387,600 people were working full-time in the 12 months to June 2015, up 18,300 compared with the same period last year.
In East Riding the unemployment rate remained the same at 4.4% with 7,400 people out of work. North Yorkshire’s rate fell from 4.1 to 3.5% to a level of 10,700 and York saw a fall of 200 to 3,900, a rate of 3.7%.
Yorkshire as a whole saw the highest fall in unemployment in the country, outside of London, which is a testament to the business-led growth in the area.