LEP area more than half way to meeting its target of 20,000 jobs by 2020
The York, North Yorkshire and East Riding LEP welcomed figures last week that show private sector employment accounted for 17,200 more people in 2014 than in the previous year in York, North Yorkshire and the East Riding area. Public sector employment in the same period fell by an estimated 4,800 meaning net jobs growth of 12,400 for the area according to the Business Register and Employment Survey (BRES), the official source of detailed employee and employment estimates from the Office for National Statistics.
These figures and the strength of our recent economic growth suggests there is increased confidence in our private sector and further evidences the positive trends indicated by a falling number of residents who claim out of work benefits.
The LEP Economy grew by faster than national average in 2012 and 2013 with 6.1% growth and claimants of out of work benefits are at their lowest levels ever.
The sector with the strongest figures for jobs growth was the accommodation and food sector with 19.3% more jobs in 2014 than 2013. Information and communication employment also increased significantly with 18.9% growth. The financial and insurance industry and the construction industry also performed well with 17% and 11% respectively. Geographically the best performing areas of the LEP were Ryedale with 1,400 more jobs (a 5.4% increase), East Riding with an increase in employment of 3,800 (a 3.2% increase) and York with an increase of 2,900 (a 2.8% increase).
For detailed analysis of the figures take a look at September’s ‘Economic review’ found on the research section of our website.