More and more businesses are likely to be considering larger office space in Liverpool as recent figures have shown the employment sector is continuing to improve.
Indeed, the latest figures from the Office for National Statistics (ONS) have revealed the unemployment level is the lowest it has been for 45 years.
Between March and May 2019, the unemployment rate in the UK was 3.8 per cent. The proportion of unemployed people who are actively seeking work has not been this low since October to December 1974.
“For March to May 2019, an estimated 1.29 million people were unemployed, 116,000 fewer than a year earlier and 820,000 fewer than five years earlier,” the report stated.
This is despite the ambiguity surrounding Brexit occurring at the time these recent statistics were recorded.
While Britain was due to leave the European Union (EU) on March 31st, a lack of agreement between politicians on an exit strategy threw the country into economic uncertainty this spring.
Having failed to negotiate a deal, EU leaders offered a six-month extension, giving MPs until October 31st to establish a Brexit plan they can agree with.
This delay could have helped prop up the employment sector – as well as the general UK economy – as there was little impact on the proportion of people employed or unemployed during this period.
Only a slight decline of 0.1-percentage point on the employment rate was recoded between March and May, dropping to 76 per cent. However, this is still higher than it was the year before when the employment rate was 75.6 per cent.