Employment figures fall

Employment in the North East now stands at 1,171,000, or 68.7 per cent, a fall of 14,000 over last quarter and 4,000 year on year. That is well below the national rate of 73.3 per cent.

Unemployment is also falling, standing at 96,000, or 7.8 per cent. That’s above the national rate of 5.6 per cent and represents a fall of 2,000 over the quarter.

The claimant count stands at 47,400, or 3.9 per cent, in the North East, compared to 2.3 per cent nationally.