October 24 2014 Latest news:
Shaun Lowthorpe, Business editor
Wednesday, February 20, 2013
The number of people unemployed in East Anglia stayed the same in the final quarter of 2012, it has been revealed.
According to the Office for National Statistics (ONS), 212,000 people were unemployed in the final quarter (October-December) of 2012 - the same number that were out of work in the third quarter (July-September) of last year.
This means that East Anglia had an unemployment rate of 6.8pc between October and December of last year.
In Norfolk and Waveney unemployment rose slightly from 20,540 in December to 21,574 last month – however the figure was still lower than 22,333 out of work 12 months previously.
In Norwich it rose in the last month from 4,324 to 4,495, in South Norfolk it went from 1513 to 1612 and in Broadland it went from 1336 to 1450.
In Great Yarmouth the figure rose from 3,914 to 4,072, in Waveney it increased from 2,971 to 3,167 and in Breckland it went from 2,171 to 2,288.
And in North Norfolk it rose from 1,479 to 1,619.
Nationally the number of people claiming jobseeker’s allowance has fallen to a near two-year low after a huge increase in employment, new figures showed today.
Almost 30m people were in work at the end of 2012, an increase of 154,000 on the quarter to September, and the highest total since records began in 1971.
The so-called claimant count fell for the third month in a row in January, down by 12,500 to 1.54m, the lowest since June 2011.
Unemployment, including those not eligible for benefit, fell by 14,000 in the final quarter of last year to 2.5m - 156,000 lower than a year ago.
But youth unemployment increased by 11,000, the highest rise for a year, and the number of people with more than one job increased by 41,000 to 1.1m.
The number of people classed as economically inactive, including long-term sick, people looking after a family or those who have given up looking for work, fell below nine million, the lowest figure since the autumn of 2006.
The Office for National Statistics also reported a continued cut in the real value of pay, with average earnings increasing by 1.4pc in the year to December, down by 0.1pc on the previous month.
Regular pay, excluding bonuses, rose by 1.3pc, the lowest figure since the end of 2009.
The ONS noted that CPI inflation was running at 2.7pc last year, with the annual growth in weekly wages staying below inflation since the middle of 2008.
The number of people in full-time jobs increased by almost 200,000 at the end of last year to 21.6 million, while part-timers fell by 43,000 to just over eight million.
The number of self-employed workers increased by 25,000 to 4.2 million.
Youth unemployment, counting 16 to 24-year-olds, rose by 11,000 to 974,000, the biggest increase since the start of last year
Work and Pensions secretary Iain Duncan Smith today welcomed new statistics stating they show 9,000 more people in work in the East of England. There are now 2,910,000 in work across the region.
“These figures show another big increase in full-time jobs, half a million more British people in work over the past year and more women in employment than ever before.
“The UK is now ahead of many its international rivals when it comes to creating jobs which is so important as we compete in a global race.”
Richard Tunnicliffe, Director, CBI East of England, said: “It’s pleasing to see businesses are continuing to create jobs, though the weakness of pay growth shows we are not out of the woods yet.
“It is particularly good that so much of this month’s jobs growth is driven by full timers, given worries about under-employment. It’s also good news that jobs are being created in most regions across the country.”
One of East Anglia’s largest crane hire companies, Quinto Crane & Plant Ltd, has been bought out in a multi-million pound deal, with the new owner promising to safeguard the jobs for its 125 employees and guaranteeing future investment.