East of England - best recovery in job market outside London

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 two years, according to the latest figures from NatWest’s Regional Economic Tracker.

 

This means there are 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 among 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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For further information  please contact:
Hannah Grimmette
[email protected]
01865 343100

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