A survey from the North East Chamber of Commerce suggests that North East businesses are growing their workforces at the fastest rate in 20 years.
In the most recent Quarterly Economic Survey (QES) the local Chamber of Commerce revealed that the score for the local workforce is higher than at any point since the survey started in 1995.
The survey, which questioned members of the Chamber of Commerce across the North East, found that as well as improvements in recruitment, the majority of QES results resulted in positive answers compared to three months ago.
The chamber’s director of policy, Ross Smith, said: “This quarter has provided some very positive results. The workforce score is especially good news because these figures show high levels of members recruiting for permanent, full-time positions.
“This score reflects the tremendous success seen in growing employment in the North East at a time when the much of the public sector continues to face cuts. Even better news is that the score for future workforce has also increased, suggesting this very positive trend still has some way to go.”
The release of the Chamber survey coincided with the latest Business in Britain report from Lloyds bank, which also suggests positive feelings in the North East business community.
The North East has seen a rise in overall business confidence in the last six months, Lloyds said, with companies’ expecting an improvement in exports as well as an anticipated increase in investment levels.
The bi-yearly report gathers the views of 1,500 UK companies, predominantly small to medium sized businesses, and tracks overall business confidence, which is based on the balance of firms expecting an increase in sales, orders and profits over the next six months.