Empty job positions pose as a significant problem for businesses in Coventry and Warwickshire.

23 Apr 2023

Unoccupied job positions continue to be a significant issue for companies in Coventry and Warwickshire, as indicated by the opinion of prominent business executives in the area.

According to the most recent statistics released by the Office for National Statistics (ONS), the percentage of people who are currently unemployed has slightly increased to 3.8%. Interestingly, there are over one million job openings in the UK, which suggests that the economy is still active in terms of job creation.

The top executive of Coventry and Warwickshire Chamber of Commerce, Corin Crane, expressed worries about the slight increase in unemployment rate. However, the biggest challenge for the economy is the surplus of over a million job openings that remain unoccupied.

I have never witnessed a time when businesses are struggling to find the workforce despite having orders and high demand. It is becoming an obstacle towards regional and national economic development.

For several months, the Chamber has been advocating for this issue and collaborating with other Chambers in the region on the Local Skills Improvement Plan for the West Midlands.

We need to find a solution for this issue in the future, but there is also an urgent problem that requires immediate attention.

The organization requested that employers put forth more effort to increase the accessibility and adaptability of workplaces.

The blog post suggested that the administration must expedite its childcare reforms as mentioned in the Spring Budget, provide assistance to folks in finding employment, and take a sensible perspective towards immigration policy.

The Chamber has demanded that additional measures should be taken to boost the UK economy, as recent statistics from the ONS reveal that the economy is still stagnant.

The newest GDP data from the ONS demonstrated that there was no expansion for the month of February. Such results were as expected since predictions forecasted a 0.3% fall in the economy over the course of 2023.

According to Sean Rose, who is in charge of policy at the Chamber, several major hindrances are affecting businesses in all industries and limiting their growth. These include issues like increased energy costs, inflation, and the difficulty of finding and hiring qualified employees.

To ensure the growth of companies in Coventry and Warwickshire, it is crucial to address these issues.

"We hope to see greater attention, backing, and motivation toward international commerce as it plays a huge role in propelling the country's economy forward."

Furthermore, we always urge businesses that require assistance with their expansion strategies to reach out to the Chamber and request aid.