Rise in unemployment across Yorkshire.
11:15am 18th July 2012
There's a rise in unemployment across Yorkshire.
The latest figures show two hundred and sixty two thousand people are out of work in the region - a rise of thirteen thousand.
Nationally the jobless figure fell, although more people are claiming jobseekers allowance.
The Olympics is being credited for helping many into work.
Gary Reilly, regional manager of totaljobs.com in Yorkshire
Yorkshire has seen a 10% increase in insolvencies year-on-year despite a nationwide fall in businesses getting into difficulties.
The number of businesses failing in the region grew to 159, representing 0.13% of all firms, which is having a telling impact on businesses confidence in the recruitment market place.
Given poor business confidence, tepid consumer spending, bad weather and bank holidays today’s figures were expected. Business confidence is undeniably being hit across the UK and Yorkshire is no different.
Indeed, with 0% growth predicted for the year, I don’t see an improvement on the cards until into 2013 particularly as we are beginning now to see the latest cohort of graduates coming into the labour market, to be followed soon by school leavers, which will add to the ranks of those searching for work but with no corresponding rise in the number of available jobs. We need more long-term investment in entry and graduate level positions to help boost business confidence and kick-start the employment industry in Yorkshire.
|Get the latest local news direct to your inbox.
Sign up now for our email updates.