Chamber seems to be at what ONS employment statistics for June to August 2020 say about state of East Midlands labour market – Vacation spot Chesterfield

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By Dom Stevens – 14 October 2020

New figures printed at present by the Workplace for Nationwide Statistics (ONS) present the UK unemployment price has risen to its highest degree for greater than three years.

Nationally, the unemployment price was 4.5% for the three months ending August 2020, in comparison with 4.1% for the Might to July interval – with 629,000 UK employees disappearing from the payrolls of British corporations for the reason that starting of Covid-19 lockdown in March.

There have been 153,000 individuals aged between 16 and 24 in employment between June and August in comparison with the earlier quarter, and 102,000 fewer than the identical interval in 2019.

Within the East Midlands, the unemployment price rose by 0.3% to 4.4%, one-tenth of a proportion level under the nationwide common.

Responding to the figures, East Midlands Chamber (Derbyshire, Nottinghamshire, Leicestershire) chief government Scott Knowles mentioned: “These figures recommend the East Midlands is barely forward of the nationwide common in the case of maintaining individuals in jobs.

“Our personal Quarterly Financial Survey for Q3 2020 confirmed {that a} internet 6% of companies count on to extend the dimensions of their workforce within the three months following September.

“It’s additionally essential to notice how Authorities schemes are starting to return into impact for 16 to 24-year-olds – who’ve been the worst-affected demographic throughout this pandemic – within the type of the Kickstart scheme. The Chamber, in its function as a gateway organisation, has now submitted functions on behalf of companies for greater than 500 roles.

“On the floor, all this could give us trigger for optimism, however we all know it is a macroeconomic perspective and there are particular sectors – reminiscent of hospitality, tourism and occasions – which are far more uncovered.

“The image has additionally modified considerably since these figures have been recorded. The highway to restoration has been slowed down by additional obstacles within the type of stricter lockdown restrictions and Authorities warnings concerning extended disruption, whereas the tip of the Brexit transition interval is looming dangerously forward.

“Whereas the Authorities says it has tried to mitigate this by extending the Job Assist Scheme and providing month-to-month enterprise grants for companies compelled to shut as a result of native restrictions, we don’t but know whether or not this will likely be sufficient to save lots of a few of the worst-hit sectors.

“There’s nonetheless quite a lot of uncertainty for companies, making it tough for them to plan, make selections on funding and recruit employees as a result of they aren’t positive what they’re constructing in the direction of. The following few months will likely be essential for the labour market and it feels prefer it’s going to be a bumpy journey forward.”

Different fascinating findings within the report have been that production-based roles made up the next proportion of jobs within the East Midlands (13.1%) than some other area, with Wales second at 11.7%. Jobs in providers represented 79.7% of the area’s labour market, with 7.2% of employees employed in different broad trade teams.

The ONS regional statistics, together with the East Midlands, could be discovered right here

Scott-Knowles East Midlands Chamber



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