Hull is experiencing its highest level of working-age employment on record.
Latest labour figures from the Annual Population Survey show a total of 123,000 working-age residents of Hull in employment – equivalent to a rate of 73%.
The figures represent an increase in working-age employment among Hull residents by 17,100 – 16 per cent – over the past five years.
Conversely, there are now 8,600 unemployed working-age residents of Hull, equivalent to a working age unemployment rate of 6.5 per cent.
This is the lowest working-age unemployment rate in Hull since 2006.
Over the past five years, working-age unemployment in Hull has fallen by 8,900, or 51 per cent.
The increase in employment among young people in Hull is equally impressive.
Over the most recent quarter, employment in people aged 16 to 24 rose from 48.2 per cent to 56.0 per cent – the highest level of youth employment in Hull since 2006.
Latest figures show youth employment in Hull – at 56 per cent – now exceeds the national average of 53.5 per cent.
Mark Jones, Hull City Council’s director of regeneration, said: “These fantastic figures show that the local authority’s 10-year City Plan is already delivering its goal of attracting investment and regeneration to Hull, which is in turn creating new jobs. We are seeing encouraging employment figures across the city, particularly within the hospitality, culture and retail industries.
“In the past few years, dozens of new businesses have opened in the city centre, creating hundreds of new jobs in these sectors – and we expect to see these figures continue to rise.”