Newham leads London job market boost
PUBLISHED: 08:01 14 April 2016 | UPDATED: 08:14 14 April 2016
Lauren Hurley, PA images
Newham has seen a dramatic 12 per cent increase in job creation in the year to September 2015, new statistics have revealed.
It topped the entire list of London boroughs for the fastest job growth, according to the latest NatWest Regional Economic Tracker which tracks employment growth across the UK
Within the capital, Newham, Greenwich and Ealing were home to the biggest increases in the number of people employed, with the boroughs seeing increases of 12%, 11% and 10%, respectively, in the year preceding September 2015.
London has created 500,000 new jobs since 2008, equating to one in every three created across the UK during this period.
Sebastian Burnside, Senior Economist for NatWest, said: “London has held first place for job growth for most of the last three years, but its crown slipped in the last couple of quarters as employment growth edged lower to 2.2pc, which is still comfortably above the national average of 1.9pc.
“That incredible run from late 2012 means there are a staggering 14pc more jobs in London than there were in 2008. This is a rise of over half a million, meaning that 1 in 3 of the net increase in jobs has occurred in London.”
The NatWest Regional Economic Tracker monitors employment levels in 12 regions across the UK showing where the fastest job growth has occurred on a quarterly basis.
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