Figures show 16,300 increase in private sector job growth in GBSLEP area

Posted by lepadmin - October 24, 2012 - Economic performance, Newsroom - No Comments

Figures released by the Office for National Statistics have shown that the Greater Birmingham area experienced an increase in private sector employment of 16,300 between September 2010 and September 2011.

The Board of the Greater Birmingham & Solihull Local Enterprise Partnership were presented at their meeting on Wednesday (October 24) with the figures compiled from the Business Register and Employment Survey which provides a snapshot of changes in employment across a variety of sectors.

Andy Street, GBSLEP Chair

Andy Street, GBSLEP Chair

The report suggests that private sector employment in the LEP area increased by 16,300, an increase of 2.6%, which outperformed the UK average of 0.9%.

The increase was driven by a rise in business, professional and financial services which enjoyed a growth of 15,300 and helped to offset a decrease in employment in retail of 6,500 and computer programming, consultancy and related industries of 3,500.

Andy Street, GBSLEP Chair, said: “It is always important to take care when interpreting figures, but it’s equally important that the activity the LEP and its partners are undertaking is set against a background of measures.

“It is still too early for us to see the impact LEP programmes and initiatives are having on employment, particularly as the figures we are looking at are a snapshot of what was happening 12 months ago.

“However, it is encouraging to see the LEP area performing well in a number of key areas and it is important that we can see sectors that are not performing so well in order to influence policy.

Sir Albert Bore, Leader of Birmingham City Council.

Sir Albert Bore, Leader of Birmingham City Council.

“We have set challenging targets for ourselves of creating 100,000 new jobs by 2020 and it is going to be important for us to measure the progress being made.”

Sir Albert Bore, Leader of Birmingham City Council, said: “There has been a sense of optimism that the Greater Birmingham area has been performing well economically and these figures hopefully help to confirm this.

“Now, it is important that we build on this and we are confident that we can deliver further increases through key initiatives such as the Economic Zones and the Birmingham City Centre Enterprise Zone.”