Employment Trends in Hull

Hull, has shown significant shifts in its employment landscape. Here, we provide an in-depth look at the latest statistics, shedding light on employment rates, unemployment, claimant counts, and economic inactivity.

Employment Rate
The employment rate for individuals aged 16 to 64 in Hull has risen to 73.2% in 2023, up from 70.3% in the previous year. This positive trend reflects the city’s ongoing efforts to create more job opportunities. However, Hull’s employment rate is slightly below the Yorkshire and The Humber average of 74.2%, indicating room for further growth.

Unemployment Rate
Hull has seen a remarkable reduction in unemployment, dropping to 3.0% in 2023 from 5.0% in 2022. This decrease is a strong indicator of economic recovery and effective job creation strategies. Notably, Hull’s unemployment rate is also lower than the regional average of 3.4%, showcasing the city’s resilience and adaptive economy.

Claimant Count
Despite the decrease in unemployment, the claimant count in Hull has increased. As of March 2024, 6.2% of the working-age population were claiming unemployment-related benefits, up from 5.8% in the previous year. This suggests that while more people are employed, a significant number are relying on benefits, possibly due to part-time or low-wage employment.

Economic Inactivity
Economic inactivity remains a critical challenge for Hull. The rate stands at 25.2%, higher than both the regional average of 23.2% and the national average of 21.2%. This indicates a significant portion of the population is disengaged from the labour market, necessitating targeted interventions to re-engage these individuals.

Find out more here https://novumpersonnel.com/employment-trends-in-hull/