By Daniel Hunter
The job market recovery in the Midlands and North of England has been buoyed by an accelerating UK manufacturing industry, according to new research.
Average advertised salaries in manufacturing hit a two year high in July, up 15.9% year-on-year to £29,507. Further signs of positivity in the sector abound, with the number of advertised manufacturing vacancies increasing to 15,912 - almost double July 2013 levels (7,645).
The news comes amid recent figures showing that UK manufacturing is in its 14th consecutive month of increased employment alongside strong output levels. Limited wage growth and business tax cuts have now allowed the UK to be the most efficient manufacturing country in Western Europe.
Specifically, the UK car manufacturing industry has been at the heart of the North’s catch up with other areas of the country. UK car production rose by 21.3% in Quarter 1 of 2014 to an impressive 133,437 units . Car manufacturers such as Nissan in Sunderland and Jaguar Land Rover in Coventry still choose the UK as a production hub. There has also been a new wave of industry investment, with Hitachi trains announcing a new factory in County Durham.
Andrew Hunter, co-founder of Adzuna, said: “Whilst the UK has somewhat lost its mantle as the Workshop of the World, there is no denying manufacturing in the UK is finding its feet once more as the bedrock of the British economy. The North’s combination of cheaper running costs, spare labour capacity and cutting edge innovation is beginning to ensure the economic recovery is felt in the Northern regions.
“Regions such as the North East and West Midlands were hit particularly hard by the economic downturn, and have a lot of ground to make up. This recovery is only just taking effect in some parts of the country, six years after the financial crisis began. This recent manufacturing success story has been a long overdue boost for the North. Through steely resilience and a new found entrepreneurial spirit, the North is reinventing itself as an economic powerhouse.”
Join us on