Wednesday, May 22, 2024

Job growth continues to grow according to NatWest

THE East of England saw job growth pick up to 1.7% in the year to Q3 2015, a very respectable pace and the fastest in over 2 years according to the latest figures from NatWest’s Regional Economic Tracker.

This means there’s now 6% more jobs in the region than during the previous

peak in 2008, the best recovery anywhere outside London.

Sebastian Burnside, Senior economist for NatWest said: "Recent job growth has been particularly strong amongst younger age groups with employment of 16-24

year olds rising 4.3% in the last year. But even that growth still leaves youth employment 1% below where it was in 2008."

The NatWest Regional Economic Tracker monitors employment levels in 12 regions across the UK showing where the fastest job growth has occurred on a quarterly basis.

In terms of the best regional performers, Braintree saw the number of people in jobs rise 15% while in Colchester it rose by 14% and Waveney 13%.


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