- In Norfolk unemployment continued to fall in the last 3 months from 6,518 to 6,235
- In the three months from May to July 2015, UK unemployment rose by 10,000 compared with the previous three months, but employment rose by 42,000 in the same period
- UK youth unemployment fell to 15.6% between May and July compared with 16.1% in the previous three months
- Total UK pay in the three months from May to July was 2.9% higher than for the same period a year earlier
Commenting on the labour market statistics for August 2015 published today by the ONS, Caroline Williams, Chief Executive of Norfolk Chamber said:
“Today’s UK job figures paint a mixed picture. It is disappointing that UK unemployment rose again, and there was also a slight increase in the number of people claiming unemployment benefits in August. The fall in the youth unemployment rate is also welcome news, although it remains considerably higher than the national average.”
“Norfolk continued to buck the national trend with the overall number of claimants for Job Seekers Allowance continuing to fall from 6,518 to 6,235 over the last 3 months.”
“Many Norfolk employers are advising that they are more confident about the growth of their businesses, however a large number of them state that they are experiencing difficulties in recruiting skilled workers.”
David Kern, Chief Economist at the British Chambers of Commerce said:
“Overall, the figures confirm our assessment that the UK recovery is progressing at a satisfactory pace, but the rise in unemployment also indicates that our recovery is still fragile and significant risks will persist in view of the uncertain international situation.”
“Though the further increase in average earnings may be of concern to the MPC, the rate of increase remains below 3% and in the short term does not pose a threat to the Bank of England’s inflation target. We restate our view that the MPC should not consider increases in interest rates until well into 2016.”
