February's ONS data reveals a rise of 1,155 in unemployment for Kent and Medway

From General jobs news category

According to the Office for National Statistics (ONS), the latest data shows an increase in the number of jobless individuals in all areas of Kent and Medway.

In February, the confirmed statistics for the entire county revealed that 40,320 individuals were unemployed, which marks a rise of 1,155 compared to the previous month.

The number of unemployed individuals is increasing in both Kent and Medway.

The unemployment rate in Kent and Medway accounts for 3.6% of the adult population. According to a report by Kent Online, the national unemployment rate for the first quarter of the year was 4.2%, higher than expected due to a slowdown in the job market.

This indicates a rise in economic uncertainty, resulting in a decrease in job opportunities and a slowdown in wage growth.

The dole queues in Ashford, Folkestone & Hythe, Maidstone and Medway saw a rise of over 100 people.

In Kent, Thanet has the highest proportion of unemployed individuals at 5.6%, with Gravesham (4.5%), Folkestone & Hythe (4.3%), and Dover (4%) following closely behind.

The western districts of Kent, specifically Sevenoaks with a rate of 2.1%, Tonbridge & Malling with 2.3%, and Tunbridge Wells with 2.4%, have the lowest levels of unemployment as per usual.

The initial statistics for the month of March, which are subject to modification, indicate a less significant rise in all districts.

According to Liz McKeown, director of economic statistics at ONS, when looking at the overall statistics for the country, it can be observed that the decline in job openings and the slowdown in income growth have persisted this month, although at a slower rate.

Simultaneously, there are indications that the labor market is starting to slow down, as evidenced by a decrease in the primary employment rate according to our survey and a decline in the overall count of individuals on payrolls based on HMRC data.

According to Chancellor Jeremy Hunt, the fact that real wages have increased for the ninth consecutive month is a positive development. He also mentioned that the average worker will benefit from the national insurance cuts worth £900, which should make a noticeable impact.

 

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