Journal Blog - Fall in North East unemployment levels welcomed
NEWS RELEASE: ISSUED ON BEHALF OF MIDDLETON ENTERPRISES
It is good news that jobless levels in the North East have fallen faster than the UK average.
The latest unemployment figures demonstrate the successful outcomes that are being achieved by a variety of agencies and companies determined to drive the economy forward.
In recent weeks, we have had a swathe of positive news from key business sectors, including Nissan announcing it is to build a new hatchback model at its Sunderland plant and SSI bringing steelmaking back to Teesside.
As well as creating hundreds of direct jobs, these business expansions will have a positive impact in the wider community by underpinning a substantial number of jobs in the supply chain, as well as workers’ salaries helping support business in their surrounding areas.
These clearly demonstrate that the region has the ability to counteract the effect of public sector job cuts.
It should also be noted that North East continues to achieve an outstanding export performance.
There is more still to be done. While the number people in work has risen by 19,000 to 1,136,000, unemployment still stands at 144,000 or 11.2% - much higher than the national average of 8.3%.
However, these latest statistics and the positive new emerging from North East companies are proof that the region is capable of an economic and employment renaissance.
Business Angel Jeremy Middleton owns Middleton Enterprises Ltd and is a board member of the North Eastern Local Enterprise Partnership
CONTACT: Helen Logan on 01325 363436
Notes to Editors:
Middleton Enterprises Ltd is a private investment company that has made a substantial contribution to the North East’s economy by investing in and providing business advice to entrepreneurial businesses.
During recent years, it has supported seven North East businesses, generally from start-up, usually taking a minority stake and offering strategic advice to support growth.