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Unemployment Falls To Record Low

Unemployment figures have fallen again in Coventry and Warwickshire – now standing at their lowest level for years.

And the number of vacancies keeps on rising, with 888 new posts up for grabs between May and June in the city and county. And in Rugby alone there were 160 new vacancies - meaning there are 405 jobs on offer - a rise of 65 per cent in a month.

But there is a warning that the rosy picture cannot continue, and a reversal of fortunes is on the cards – over the summer months at least.

There are now 11,648 people registered as looking for work in Coventry and Warwickshire, which is 2,175 fewer than this time last year.

Sam Richardson, Chamber analyst, said:

“These figures are most welcome throughout the business sector in Coventry and Warwickshire, it’s very encouraging that levels fell in each of the districts.

“The overall UK unemployment figure is at a 20-year low, currently residing at 3.8 per cent, down 0.6 per cent from June last year, and the sub-region of Coventry and Warwickshire reflects this decrease, also down 0.6 per cent to 2.8 per cent in June 2000.

“Despite unemployment figures falling since the start of the year, June could be the last real drop for the next few months, with the arrival of summer signalling an anticipated drop in filled vacancies.

“It is however, reassuring to see there was a drop in unemployment across the entire sub-region in June 2000, with the most significant chance in North Warwickshire, with a 4.7 per cent fall.”

Looking at each district in detail - the area name followed by the number of jobseekers, and then percentage of workforce unemployed:

North Warwickshire -  674 ( 1.9)

Nuneaton and Bedworth - 1,591 (4.1)

Rugby - 1,033 ( 2.1)

Stratford728  (1.2)

Warwick - 1,433 (2.0)

Warwickshire (all five districts)5,459 ( 2.1)

Coventry6,189  ( 4.0) 

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CWN / Business / The Chamber / 18 Jul 00

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This page modified on 10 November 2008 09:49:15AM