Concerns over city’s unemployed

While our recent pay trends mini survey revealed some positive news about Peterborough and its businesses, the latest statistics regarding unemployment in the area have resulted in concerns being raised.

A total of 6,710 people are currently unemployed, making up for 5.6% of the local population. It is only a slight increase from the figures released this time last year, but one that reflects poorly on the city in comparison to the rest of the region.

Lincoln, Cambridge, Northampton, Grantham and Stamford all reported figures that were more representative of the national rate, which currently stands at 3.9%.

A number of local organisations were contacted to comment on the news, including ACR. Recruitment partner Nel Woolcott spoke with BBC Radio Cambridgeshire on our behalf, talking candidly about why the figures were so high.

Much of the discussion focused on the impact of seasonal roles, many of which will have recently come to an end following the busy Christmas period, as well as the recent influx of people without jobs moving into the area.

We can certainly relate – having had a busy start to the year – but we still have a variety of job roles currently available and have even identified some skills gaps in the market.

In short, we still have something to be confident about in spite of these disheartening statistics. We know that Peterborough is a job creating city, with a 17% increase in the number of new companies being set up within the last 12 months.

We’ll be keeping cautiously optimistic as we continue to work with clients and candidates alike towards a much-anticipated boost in the city’s economy.