Good news as unemployment falls in Portsmouth area

New figures have shown a drop in unemployment in Portsmouth, Havant, Fareham and Gosport.
The latest Labour Market statistics from the Office for National Statistics (ONS) placed the number of people claiming JobSeeker’s Allowance in Portsmouth at 1,945 – down by 455 from 2,060.
In Gosport, this number fell to 535 from 565 last month, in Havant it fell to 990 from 1,070 last month and in Fareham the figure dropped to 420 from 455.
Nationally, unemployment rates across the UK fell to their lowest in over a decade – to 5%. There are nearly 31.6m people in work.
The South East has the highest employment rate of any UK region with over 4.5m people in work.
The Portsmouth News carries a great story about the figures at www.portsmouth.co.uk/business/employment-rate-at-highest-for-a-decade-1-7433134
We’ve played our part by employing more staff as part of our ongoing recruitment drive – including our new director of operations Sam Rix.
We’ve also seen a tightening of the labour market which makes it more difficult – but extremely important – to find the right people.
We’re still looking for new staff, including experienced residential surveyors, administrative assistants and mechanical engineers as well as professionals to join our inhouse structural engineering division.
High employment rates are crucial for the health of the economy and local communities such as ours – we hope the trend continues as we move through the rest of the year.
There were also inflation and property price statistics published this week.
Inflation, as measured by the Consumer Prices Index, remained unchanged in May at 0.3%, according to the ONS.
The ONS suggested that the rate stayed low as a fall in the price of clothing offset rising transport costs.
With the Bank of England’s inflation target of 2% still some way off, interest rates are likely to remain unchanged for some time.
You can read more here: www.bbc.co.uk/news/business-36526166
Record low interest rates are good news for homebuyers looking to secure competitive mortgage deals.
A new measure of property prices – the UK House Price Index – has also just announced new statistics.
It has shown property prices rising in all parts of the UK over the past year – with London prices climbing 14.5%.
Prices rose 8.2% nationwide in the year to April, taking the average UK property value to £209,054.
The new index comprises figures collated by the Office for National Statistics based on data from the Land Registry, Register of Scotland, Land and Property Services, Northern Ireland and the Valuation Office Agency.
There are many property price indexes around although this new measure must be surely one of the more accurate as it is based on official figures from house sales.
You can read more here: www.bbc.co.uk/news/business-36526207
Don’t forget we offer a wide range of high quality and professional property related services – including expert surveys of all kinds and structural engineering.
Speak to one of our friendly and knowledgeable team on 02392 697193 or email office@mcandrewmartin.com for more details for more details about our services and employment opportunities.
You can also like us on Facebook, follow us on Twitter under @McAndrewMartin and connect with us on LinkedIn under our name.
And, have a great weekend – whatever you are up to.

New figures have shown a drop in unemployment in Portsmouth, Havant, Fareham and Gosport. The latest Labour Market statistics from…

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