Skip To The Main Content
21 June 2016

Warwickshire and Coventry job market continues strong - but uncertainty ahead

FSB press release
Issue date: Wednesday 15 June 2016

The latest UK jobs numbers see unemployment down to 3,300 in Warwickshire and only a slight rise of 5 in Coventry to 4,320. 

Although the UK continues to make steady gains in employment and wages, current market fluctuations and political uncertainty are likely to impact numbers in future months.

The latest Federation of Small Businesses (FSB) Small Business Index revealed small business confidence is at its lowest level since 2013. This suggests that while the labour market continues to be a sign of strength, the overall economic outlook is far from certain.

Paul Miles Rogers, FSB Warwickshire & Coventry Chairman, said:

“The unemployment rate is at historically low levels, but this does not seem to be translating into broader business confidence. Clearly there are other factors at play which, although not hitting jobs now, are causing business owners to take a cautious approach.

“Small businesses are already dealing with considerable new cost challenges, including the National Living Wage and pensions auto-enrolment deadlines. Whatever the result of the coming EU referendum – small business will need reassurances that the outcome will not increase the cost of doing business.”