Job numbers growing faster in Yorkshire and Humber than in London

Employment in Yorkshire and Humber rose by 3.8% in the 12 months to September 2015, twice the already strong UK rate of 1.9%

Zlata Rodionova
Wednesday 13 April 2016 16:53 BST
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In the last year Yorkshire and the Humber has seen a higher rate of job growth than any other region, including London, NatWest says
In the last year Yorkshire and the Humber has seen a higher rate of job growth than any other region, including London, NatWest says (Getty)

Jobseekers tired of London might have better luck in Yorkshire, according to labour market figures by Natwest.

Yorkshire and the Humber, has seen a higher rate of job growth - the number of jobs created every month - than any other region over the last year, including London, according to the NatWest Regional Economic Tracker.

The tracker monitors employment levels in 12 regions across the UK showing where the fastest job growth has occurred on a quarterly basis.

(NatWest)

London finished fourth with a job growth rate of 2.2 in the 12 months to September 2015 while employment rose by 3.8 per cent in Yorkshire and the Humber. This is twice the overall UK rate of 1.9 per cent.

The South West of England and the North West followed with an increase of 3 per cent and 2.7 per cent respectively.

Daniel Fell, CEO, Doncaster Chamber of Commerce, said regeneration projects are appearing across the northern regions.

“There has been good inward investment and a bit of faith in the evolution of things like the Northern Powerhouse," Fell said.

Sebastian Burnside, senior economist at NatWest said Yorkshire is getting a lot of things right.

“Yorkshire and the Humber’s excellent recent performance helps make up some of the ground lost in the early stages of the recovery and means that employment is now 4.4 per cent higher than it was in 2008 a result that is only bettered by three other regions,” Mr Burnside said.

But Burnside insisted that Yorkshire is catching up rather than “taking jobs” from the capital as employment levels are still 14 per cent higher in London.

People are working for much longer since 2008, the study also found.

Employment amongst 50-65 year olds rose by 14 per cent and was up by as much as 66 per cent since 2008. This means that job growth amongst the over 50s accounts for the entire rise in employment since the pre-crisis peak.

London is the only region with higher employment amongst 16-24 year olds than it did back in 2008, according to NatWest.

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