The latest claimant count figures for York show a total of 4995 residents now unemployed. This represents 3.6% of the population.
Perhaps not surprisingly – given the health restrictions – unemployment has increased by 51% compared to this time last year.
York’s employment rate, however, remains higher than either the regional or national averages.
The figures do not include those who are on “furlough”. It will become clearer in the autumn how many of these jobs will be sustained into the future. The country is now in recession (economy shrinking), so recovery may be slow.
In York the important visitor economy is slowly improving. Traders will be hoping that this trend is sustained in the important period up to the new year.
After that, things are less predictable with the roll out of an effective conronavirus vaccine likely to be a key driver of any recovery.