High skilled job creation top in Yorkshire & Humber

YORKSHIRE & the Humber has topped rankings for 2015, seeing a higher rate of job growth than any other UK region last year, and a 6.2% surge in high skilled jobs.

The region beat London into third place for job growth in Q4 2015 according to the report, with 5% growth in the number of jobs on 2008. Long term, it has only been beaten by London and the East of England.

According to NatWest’s Regional Economic tracker, employment rose 3.7% last year, nearly double the UK rate of 2.0%.

Growth in high skilled jobs has offset a small fall in low skilled employment. Employment requiring high skills has increased 6.2%. York was pinpointed as an area for growth in high skilled jobs.

Overall, since 2008, the UK has seen a 12.5% increase in highly skilled jobs being created, although the number of low skilled jobs is still slightly below its 2008 level.

There are now 1.6 million more people working than there were in 2008, but they are not doing the same jobs as they were 8 years ago, with the strongest growth in highly skilled categories expanding by 12.5% since 2008 and a healthy 2.5% in the last 12 months. The concentration of high skilled jobs has remained the highest in London and the South East.