South West employment figures continue to soar

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The South West saw a 3% annual rise in the number of people in full or part-time employment according to the latest figures from NatWest’s Regional Economic Tracker – a greater rise than both London and the South East.

The number of people employed in the South West economy rose by 3% to 2.7m in the 12 months up to September 2015, part of an overall rise of 4.5% since 2008.

The result puts the South West ahead of both London and the South East in terms of annual jobs growth and second only to Yorkshire & the Humber.

It also means that, since 2008, only London and the East of England have achieved better job growth.

Demographically, the South West also saw particularly strong growth within the 16-24 and over 65 groups which saw the number of people in employment rise by 7% and 6% respectively.

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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