Unemployment rate drops significantly in East of England

By Nicole Hogger

New figures reveal that the East of England has seen one of the largest drops in unemployment of all UK regions this summer.

Regional Office for National Statistics (ONS) data shows that unemployment in the East of England fell by 102,000 between April and June 2018, giving an unemployment rate of 3.2% - far lower than the UK average.

Nationally, ONS figures show that the unemployment rate dropped to just 4% between April and June 2018, a level not seen in over 40 years.

There were over 32.39 million people in work, an increase of 313,000 since 2017. The number of employees in “zero-hours contracts” also decreased by 104,000 compared to last year.

The recent figures provide evidence that the UK’s exit from the European Union is causing workers from EU countries to leave at a startling rate. Compared to the same period last year, there were 86,000 fewer EU nationals in jobs in the UK, the largest annual fall since 1997.

The figures also showed a rise in productivity, with output per hour growing by 1.5%, the biggest rise since 2016. However, the figures showed a slowdown in wage growth, with the average weekly earnings for employees increasing by only 0.4% compared to 2017.

 

Posted on Tuesday Aug 14