Lowest rate of unemployment for six years across our region
Statistics released today revealed that the rate of unemployment in York, North Yorkshire and the East Riding had fallen to just 4.1 per cent, the lowest in the region for six years.
23,600 people were unemployed in the year ending March 2015, a fall of 700 from the previous quarter. The statistics showed that the number of people in employment rose by 7,600, which has been driven by rises in York, Selby, Scarborough and the East Riding of Yorkshire.
The estimated rise in employment is the largest since before the global financial crisis indicating that our local labour market is showing strong signs of improvement from an already promising base. These positive trends come on the day that the national labour market statistics took an unexpectedly downward turn with the national unemployment rate rising for the first time in over two years.
The figures come from the annual population survey, which has a sample size of nearly 4,000 people in our LEP area. For more information on local labour market statistics visit http://www.nomisweb.co.uk/