Resolution Foundation identifies jobs growth hotspots since financial crisis

South Yorkshire and Merseyside recorded the strongest levels of jobs growth in the decade since the financial crisis, according to a report that also finds low-income households have benefited more than richer ones.

The rise in the national employment rate to 75.7%, the highest level on record, has been driven by comparatively low-employment areas of the UK “catching up” over the past decade, according to the Resolution Foundation.

While it is often assumed that job creation is centred on London, the thinktank’s report found that the biggest regional increase in the employment rate since the 2008 financial crash was in South Yorkshire. Employment rose by 6.5 percentage points to 71.7% in the region, which contains Sheffield, Rotherham, Doncaster and Barnsley.

Dan Jarvis, the Labour mayor of the Sheffield city region, said: “Investment to attract global manufacturers like Boeing and McLaren Automotive to the region is paying off.”

Merseyside – which comprises the city of Liverpool and the surrounding metropolitan boroughs of Knowsley, Wirral, Sefton and St Helens – recorded the second-biggest rise in the past decade of 6.4 percentage points. However, its employment rate still lags the national average at 69.3%, among the lowest in the country.

Original Source

Leave a Reply

Your email address will not be published.

Fill out this field
Fill out this field
Please enter a valid email address.

Menu