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PRIVACY
Economic Development

Fourth successive monthly drop in unemployment rate in Hull heralded as sign of recovery playing out

Positive steps taken in the city ahead of furlough coming to a close in September

A fourth successive month of fewer employment benefit claims has been logged.(Image: Sarah Washbourn)

Hull’s unemployment rate has fallen for the fourth consecutive month.

The number of people claiming the key benefit is down to 14,745 - from 9.1 per cent to 8.8 per cent month-on-month. Year-on-year the figure is down further, with 1,400 fewer claimants as it dropped from 9.6 per cent.

It has been cited as a sign the economy is recovering, with booming trades in holiday homes, caravans and modular buildings in the city and beyond.

Several major manufacturers including Willerby and Victory have been on recruitment drives as new lines are added and business won, while contact centre ResQ is also bringing scores of new jobs to the city centre.

The number of unemployment benefit claimants in Hull shot up from 9,875 (5.9 per cent) to 14,605 (8.7 per cent) between March and April 2020 as the pandemic started. It peaked at 16,330 (9.7 per cent) last May.

The effects of the pandemic contributed to a 65 per cent increase in unemployment benefit claimants in the first lockdown, compared with 113 per cent nationally and 69 per cent in the Humber - underlining the key sector status of the area when it comes to food, process, ports and energy production.

Hull remains the highest in the sub-region, with North East Lincolnshire at 5.9 per cent (5,620); North Lincolnshire at 5.1 per cent (5,265) and East Riding at 3.6 per cent (7,140).

All eyes will be on furlough ending in September, as to the full picture of the pandemic impact.