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13 Nov

Invitation to Tender: ScaleUp360 Programme Workshops and Business Advice

A procurement opportunity has arisen for a bank of high growth business support specialists to supply 1-2-1 business advice and workshops to businesses and entrepreneurs in the Sheffield City Region (SCR).

11 Nov

Flood Support from Nottinghamshire County Council and Derbyshire County Council

Derbyshire and Nottinghamshire County Council have announced their support for residents and businesses affected by recent flooding. Both councils are offering emergency payments of up to £300 for small businesses who have been affected by the floods.

30 Oct

Workshops at flagship iHub Innovation Centre achieve full occupancy

The £12m iHub innovation centre on Infinity Park in Derby has scored another success after its state-of-the-art hybrid workshop achieved 100% occupancy.

Regional unemployment just 4.1%

Posted on June 14th, 2017

The unemployment rate in the East Midlands stands at 4.1%, better than the national figure of 4.6%, according to data released this morning by the Office of National Statistics.

Figures for the three months to the end of April, the latest available, show a drop from 4.3% in the three months November to January, of 4.5% compared with the same period a year ago and 4.9% in 2015.

Nationally, the employment rate is at a joint record high of 74.8%, with 31.95 million people now in work – an increase of 372,000 on the year, Government announced this morning.

This rise has been driven by full time work with average weekly earnings up by 2.1% including bonuses. Meanwhile there are 50,000 fewer unemployed people with unemployment remaining at its lowest rate since 1975, it said.

These findings reflect the Chamber’s own survey work, which indicates that about a third of companies plan to recruit in the next three months if they can find workers with the skills they need.

Chris Hobson
Chris Hobson, Director of Policy at the Chamber*, said: “The figures are more positive than might have been expected. In the lead up to the General Election business confidence was very high and it will be interesting to see what impact the lack of political stability has on medium- to long-term recruitment plans of local firms.

“In the meantime it’s encouraging that our businesses continue to tell us that they plan to grow and that recruitment forms a big part of those plans. What’s important is that we are able to support those business as they recruit and help them find the skilled staff they need to fill the vacancies they have.

“The East Midlands is still proving robust, with a lower unemployment rate than the rest of the country. But there are warning signs in the wider economy that consumers are starting to spend less as inflation bites and if this trend continues there will be an inevitable impact in the jobs market.

Closing the skills gap between education and the world of work will be the main thrust of a major conference next month. Over 100 businesses are expected to take part in the East Midlands Chamber Employment and Skills for the Future summit, at Loughborough University, on 20 June.

The summit will focus on developing the skills, including those for digital-era jobs that don’t exist yet, necessary to underpin the Government’s Industrial Strategy, consultation for which was held earlier this year.

When talking to businesses across Derbyshire, Nottinghamshire and Leicestershire to gather evidence for a formal response, the Chamber found the gap between the needs of employers and those leaving education remained the single biggest concern.

The number of people claiming Jobseeker’s Allowance across Derbyshire and Nottinghamshire fell in May when compared with April but there was a small rise in Leicestershire.

According to the figures released this morning, Leicester saw a rise of 70 claimants and Leicestershire rose by 20 but the number of claimants was lower in Derby (-55), Derbyshire (-150), Nottingham (-40) and Nottinghamshire (-115).

The net outcome across the three cities and three counties was a fall of 265 claimants in May compared with April, a rise of 205 compared with May 2016 but 2,955 down on May 2015.