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Another unemployment rise in Coventry and Warwickshire sparks concern

Unemployment has jumped for the second month in a row in Coventry and Warwickshire, sparking concern among business leaders.

Another unemployment rise in Coventry and Warwickshire sparks concern

In Coventry, the claimant count rose from 4,265 to 4,430 in the month to February and it rose from 3,710 to 3,900 in Warwickshire during the same time period.

It’s the second month running that there has been a rise and the Coventry and Warwickshire Chamber of Commerce says its next Quarterly Economic Survey, produced in partnership with Warwickshire County Council, should shed some light on the reasons.

Louise Bennett, chief executive of the Coventry and Warwickshire Chamber of Commerce, said: “Of course, a second monthly rise is a concern. We half-expect a small rise in the first month of the year when there is seasonal shift in employment patterns but for it to continue for a second month is something we must look into.

“Our Quarterly Economic Survey for the first three months of the year will provide us an indication of how companies across Coventry and Warwickshire are feeling and give us an idea of how they expect to perform over the next year.

“We shouldn’t jump to conclusions and, again, we can’t yet start to speculate on whether this is going to be a trend.

“However, businesses are still telling us that there is a shortage of staff with certain skills in key sectors and we also know that companies in Coventry and Warwickshire are struggling to find space in which to grow.

“Of course, many will contend that Brexit will be playing a part too. Perhaps that is true because of the uncertainty that has brought to the economy.

“However, we believe that there is a great deal to be done within the domestic economy around infrastructure, skills, employment land and export support that could help to support our businesses’ growth.

“Coventry and Warwickshire is, we feel, in a strong place economically but it’s important that those issues start to be addressed to ensure our businesses can continue to grow on our patch.”

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