Search

Employment growth in Norwich slowing despite strong economic gains, report finds

PUBLISHED: 14:17 03 January 2018 | UPDATED: 15:25 03 January 2018

The view across Norwich's skyline from the top of the new Pablo Fanque Tower. Picture: Sonya Duncan

The view across Norwich's skyline from the top of the new Pablo Fanque Tower. Picture: Sonya Duncan

ARCHANT EASTERN DAILY PRESS (01603) 772434

New figures suggest strong economic performance in Norwich has not stopped a slowdown in employment growth in recent months.

Despite growth in gross value added (GVA) in the third quarter of 2017 employment rate growth in the city was down 0.5% compared with the previous period, according to the latest UK Powerhouse report.

Solicitors Irwin Mitchell and the Centre for Economics and Business Research (Cebr), which compiled the study on estimated GVA growth and job creation, said the fall could be due to a reduction in economic migrants and firms being unwilling to take on new staff amid uncertainty over future UK trading arrangements.

The report showed Norwich was ranked seventh out of 45 cities for GVA growth after seeing a 1.8% year-on-year rise, with total GVA at £2.85m.

Ipswich was fifth with a GVA growth rate of 1.9% – maintaining its position as one of the fastest growing city economies in the UK.

Search hundreds of local jobs at Jobs24

Management Jobs

Show Job Lists

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy

Insight

Jupiter European Opportunities is a £1bn investment trust which aims to achieve long-term capital growth through investing in economic trends and developing businesses across Europe.

Asbestos remains a real concern, says 
Dan Evans, partner at Cozens-Hardy

Women in Business

cover

Enjoy the
Women in Business
digital edition

Read

Celebrating Success

cover

Enjoy the
Celebrating Success
digital edition

Read

B2B Exhibition

cover

Enjoy the
B2B Exhibition
digital edition

Read

Green 100

cover

Enjoy the Green 100
digital edition

Read

Meet the Team

Mark Shields

Business Editor

|

Chris Hill

Agricultural and Farming Editor

|

Business Most Read

Awards

Norfolk Future 50 EDP Business Awards Green 100