- Daily News Update
- Events calendar
- Press releases
- Bumpy ride ahead on the road to recovery
- Manchester-based research team pioneers new approach to increasing effectiveness of public policy
- Greater Manchester continues to grow in strength despite recession
- It’s a recession, but not as we know it
- Data suggests employers are waiting for signs of recovery before hiring again
- Scheme to assist offenders back into employment is a worthwhile investment, says new study
- National economic fragility continues as Manchester fires up the engine for growth
- JSA claimant count gives cause for concern
- Future growth plans could resolve bleak unemployment outlook for Greater Manchester
- Economist Jim O’Neill to open MIPIM ‘Five Cities’ lunchtime debate
- Latest JSA figures point towards a challenging 2012
- Greater Manchester employers offered unique ‘top-up’ to encourage apprenticeships
- Long-term research and development prospects offer hope for Greater Manchester
- Little Christmas cheer in the Greater Manchester jobs market
- Employment outlook gloomy for 2012, but could be worse says New Economy
- Number of jobseekers aged 50+ in Greater Manchester on the rise
- All Greater Manchester wants for Christmas is economic growth and job creation
- Greater Manchester businesses urged to exploit growth opportunities in foreign markets
- Annual rise increases focus on youth unemployment in Greater Manchester
- Manchester Monitor: Greater Manchester's GCSE results improve as youth unemployment rises
- Greater Manchester drives forward its ambition to boost skills and employment
- Energy bills saving of 16% offered to small businesses across the North West
- Greater Manchester GVA forecast to outperform UK
- ”Whole-place” Community Budgets are the next step in generating growth for UK plc
- New Economy’s view on today’s unemployment figures
- North-South divide takes its toll on the economy
- Advanced manufacturing is key to Manchester’s economic resilience - but it will not generate employment growth
- Manchester innovation brings jobs boost to UK with new national Research and Technology Hub for groundbreaking graphene
- Manchester Monitor: Visitor offer remains strong, even in uncertain economic times
- Claimant numbers continue to rise across Greater Manchester
- Manchester Monitor: Challenging times for Greater Manchester as UK recovery slows
- Jobseekers claimants rise across Greater Manchester
- Businesses urged to help tackle youth unemployment
- Manchester Monitor: Signs of Greater Manchester bucking the trend
- Making Manchester a leader in enterprise innovation support
- Monthly jobseekers claimant numbers remain steady across Greater Manchester
- Blue skies remain on the horizon as the economic storm continues in July 2011
- 2011 press archive
- 2010 press archive
- 2009 press archive
Press releases
Bumpy ride ahead on the road to recovery
Wednesday, 16 May 2012
Figures released today show that just under 86,000 people were claiming Jobseeker’s Allowance (JSA) in GM in April 2012 – lower than the figure for March 2012 of 87,000 and representing a monthly decline of 1.6. On an annual basis, the overall number of JSA claimants has increased by 9,000 (11.8) in Greater Manchester over the past year.
Youth unemployment (JSA claimants aged 16-24) in GM also decreased on a monthly basis between March and April, declining by 1,200 to 26,200. Year-on-year however, there are 3,000 more people in GM aged 16-24 claiming JSA benefits than there were in April 2011 – a rise of 13.4%.
To find out more, click here
Greater Manchester continues to grow in strength despite recession
Tuesday, 8 May 2012
New Economy today released the new edition of the Manchester Monitor, providing an analytical snapshot of the economic wellbeing of Greater Manchester.
Whilst the UK is probably in a recessionary period at the moment, Greater Manchester remains resilient in a number of areas – especially the visitor economy, with overseas visitor numbers on the increase and growth in passengers at Manchester Airport showing no signs of slowing.
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It’s a recession, but not as we know it
Wednesday, 25 April 2012
A Manchester economic think-tank has produced research to show the UK is amidst a much different economic downturn compared to previous recessions and their aftermath.
It follows today’s preliminary estimate for Gross Domestic Product (GDP) in Q1 2012 from the Office for National Statistics (ONS), which shows the economy shrank by 0.2% in the first quarter of the year. GDP in Q4 2011 fell by 0.3% and the new data confirms that the UK is back in recession.
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Data suggests employers are waiting for signs of recovery before hiring again
Wednesday, 18 April 2012
Figures released today for March 2012 show that 87,000 people were claiming Jobseeker’s Allowance (JSA) in Greater Manchester in March 2012 – lower than the figure for February 2012 of 88,000 and representing a monthly decline of 0.9%.
On an annual basis however, the overall number of JSA claimants has increased by 11,600 (15.3%) in Greater Manchester over the past year.
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Scheme to assist offenders back into employment is a worthwhile investment, says new study
Wednesday, 11 April 2012
New research reveals that for every £1 put into the mentoring of low-risk offenders in Greater Manchester, an additional 20 pence is recouped in savings through reduced benefits payments, improved health and reduced police time.
The study – a cost benefit analysis of the Manchester and Salford Intensive Alternative to Custody (IAC) pilot which began in April 2009 and ran for two years until the end of March – was undertaken by New Economy, the agency whose purpose is to create economic growth and prosperity for the people of Greater Manchester.
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National economic fragility continues as Manchester fires up the engine for growth
Monday, 2 April 2012
New Economy today released the new edition of the Manchester Monitor, providing an analytical snapshot of the economic wellbeing of Greater Manchester.
The most recent indicators show little change in economic trends, with the labour market remaining extremely challenging and house sales effectviely staying flat. However, announcements made in relation to the Greater Manchester Growth Plan, the newly signed City Deal and the 2012 Budget give cause for longer term optimism.
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Economist Jim O’Neill to open MIPIM ‘Five Cities’ lunchtime debate
Monday, 5 March 2012
Manchester-born economist Jim O’Neill (chairman of Goldman Sachs Asset Management) will lead a panel debate on the economic prospects of five European cities at the MIPIM international property convention tomorrow.
The debate will focus upon a new piece of research commissioned by the cities of Amsterdam, Barcelona, Hamburg, Lyon and Manchester, which provides some revealing insight into the expectations of European property industry investors.
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Latest JSA figures point towards a challenging 2012
Wednesday, 15 February 2012
Figures released today for January 2012 show that the overall number of Jobseekers Allowance (JSA) claimants has increased by 11,000 (14.6%) in Greater Manchester (GM) over the past year.
Just over 86,000 people were claiming JSA in GM in January 2012, well above the figure for December 2011 of 82,000 and representing a monthly increase of 5.2%. While this is a worrying trend, a similar picture is evident at a North West (+5.5%) and UK (+5.1%) level.
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Greater Manchester employers offered unique ‘top-up’ to encourage apprenticeships
Tuesday, 7 February 2012
Employers across Greater Manchester will be offered incentives to recruit apprentices that are over and above the UK government’s national offer.
The Greater Manchester ‘top-ups’ will be made available through the Greater Manchester Commitment, which aims to tackle youth unemployment across the region.
The scheme is coordinated by New Economy on behalf of the Association of Greater Manchester Authorities (AGMA) and will support employers and young unemployed people across Greater Manchester.
To find out more, click here
Long-term research and development prospects offer hope for Greater Manchester
Monday, 6 February 2012
New Economy today released the new edition of the Manchester Monitor, providing an analytical snapshot of the economic wellbeing of Greater Manchester.
The latest indicators show that economic conditions remain extremely challenging, however Greater Manchester has been boosted this month following the recent announcement that the city will become home to a new £45 million graphene research centre.
To find out more, click here
Little Christmas cheer in the Greater Manchester jobs market
Wednesday, 18 January 2012
Figures released today for December 2011 show that the overall number of Jobseekers Allowance (JSA) claimants has increased by 10,900 (15.3%) in Greater Manchester (GM) over the past year.
Approximately 82,000 people were claiming JSA in GM in December 2011, broadly similar to the figure reported in November 2011 – the usual seasonal impact on the jobs market does not appear to have provided any short-term boost to employment.
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Employment outlook gloomy for 2012, but could be worse
Monday, 9 January 2012
New Economy today released the new editions of the Manchester Monitor and Quarterly Economic Outlook, providing an analytical snapshot of the economic wellbeing of Greater Manchester.
The analysis suggests that Greater Manchester is expected to face a challenging 2012, although things could be worse in terms of unemployment when compared to previous recessions.
To find out more, click here
Number of jobseekers aged 50+ in Greater Manchester on the rise
Wednesday, 14 December 2011
New figures released today show a 12.2% annual increase on the number of jobseekers allowance (JSA) claimants aged 50 and over in Greater Manchester.
The number of JSA claimants aged 50+ currently stands at around 10,500, which is 1,100 higher than this time last year.
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All Greater Manchester wants for Christmas is economic growth and job creation
Monday, 5 December 2011
New Economy today released the latest edition of the Manchester Monitor, which provides an analytical snapshot of the economic wellbeing of Greater Manchester.
New Economy warns that following on from the latest forecasts for the UK economy and Autumn Statement by the Chancellor, that things are likely get worse before they get better.
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Annual rise increases focus on youth unemployment
Wednesday, 16 November 2011
Figures released today show that the overall number of jobseekers allowance claimants has risen by 9,770 (13.5%) in Greater Manchester over the past year.
With national youth unemployment now past the 1 million mark, Greater Manchester saw a slight monthly rise in the number of claimants aged 16-24 of 180 (0.7%) to 27,080 – the highest level since youth unemployment peaked in the wake of the recession, and a level not seen since March 2010.
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Greater Manchester’s GCSE results improve as youth uemployment rises
Monday, 7 November 2011
New Economy today released the latest edition of the Manchester Monitor, which provides an analytical snapshot of the economic wellbeing of Greater Manchester.
New Economy highlights that despite GCSE results improving across GM, the rise in youth unemployment has not been halted. Reversing this trend is critical in order to achieve a long-term recovery in GM.
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Greater Manchester drives forward its ambition to boost skills and employment
Tuesday, 1 November 2011
The Greater Manchester Skills and Employment Partnership has officially launched. It is an initiative led by New Economy, which aims to boost the regions employment and skill levels.
The partnership is located within New Economy, the agency charged with creating economic growth and prosperity across Greater Manchester. It brings together a range of stakeholders working to a common agenda; driving the best possible skills and employment outcomes for the region’s people and businesses.
To find out more, click here
Energy bills saving of 16% offered to small businesses across the North West
Tuesday, 25 October 2011
Small businesses across the North West are being offered the opportunity to slash 16% off their energy bills, with a new scheme launched today by New Economy.
ecoSMARTER, is part of a national, government-backed initiative which is designed to help tackle soaring energy costs. It will provide small businesses with a free green makeover worth more than £1000, helping to cut bills and carbon emissions.
To find out more, click here
”Whole-place” Community Budgets are the next step in generating growth for UK plc
Monday, 17 October 2011
Today, Government announced “Whole-place Community Budgets”. For Greater Manchester, this is a significant opportunity to generate economic growth in tandem with reducing poverty and depravation. This is about improving the lives of residents in Greater Manchester by spending public money better.
This “second phase” of Community Budgets will see Government choose two places to test a new approach for funding local public services. It will reduce duplication and force greater value for money from public resources.
To find out more, click here
North-South divide takes its toll on the ecnonomy
Wednesday, 12 October 2011
The continuing number of economic disparities between the North and South of England are highlighted in the latest Quarterly Economic Outlook (QEO) published today by New Economy.
Applying the latest data available, Greater Manchester’s QEO shows that although employment increased in the private sector in the North by 1.2% between 1998 and 2008, the South experienced a significantly larger increase of 7.1%.
To find out more, click here
Advanced Manufacturing is key to Manchester’s economic resilience – but it will not generate employment growth
Wednesday, 5 October 2011
A report published today highlights how Greater Manchester has a strong base of profitable, innovative and internationally competitive advanced manufacturers – but it warns the sector will not be the panacea for employment growth that many hope it will be.
The report – produced by New Economy – focuses on the sector’s 38,000 employees within Greater Manchester, who account for almost a quarter of all advanced manufacturing employees in the UK.
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Manchester innovation brings jobs boost to UK with new national research and technology hub for groundbreaking graphene
Monday, 3 October 2011
New Economy welcomes today’s announcement by the Government of a new £50m Global Research and Technology Hub to commercialise graphene.
In the words of the chancellor, the project will “take the discovery from British laboratories to British factory floors”.
New Economy, the strategic lead for economic growth in Greater Manchester, has been at the forefront of securing this investment for the nation. It is an important development in a tough economic environment and New Economy is now working to ensure the Hub is based in Manchester.
To find out more, click here
New Manchester Monitor highlights continuing struggles for the labour and housing markets, but a strong visitor economy
Monday, 3 October 2011
New Economy today released the latest edition of the Manchester Monitor, which provides an analytical snapshot of the economic wellbeing of Greater Manchester.
New Economy warns that the economic climate is extremely challenging and is likely to remain so over the coming months, with the labour market looking particularly fragile.
To find out more, click here.
Claimant numbers continue to rise across Greater Manchester
Wednesday 14 September 2011
Figures released today by the Office for National Statistics (ONS) show that unemployment in Greater Manchester has increased by 2.9% between July and August.
The number of Jobseeker’s Allowance (JSA) claimants in Greater Manchester was recorded at 81,140 in August 2011 – a rise of 2,250. Regional (north west) and national JSA numbers also increased from July to August, by 2.7% and 2.3% respectively.
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New Manchester Monitor highlights challenging times for Greater Manchester as UK recovery slows
Monday, 5 September 2011
New Economy today released the latest edition of the Manchester Monitor, which provides an analytical snapshot of the economic wellbeing of Greater Manchester.
New Economy warns that as the UK economic outlook looks increasingly gloomy, GM must ensure that it has the buildings blocks in place to emerge from the downturn and deliver sustainable economic growth.
To find out more, click here.
August 2011
Businesses urged to help tackle youth unemployment
Monday, 8 August 2011
New Economy is urging businesses in Greater Manchester to help address the present growth in youth unemployment across the region.
They are hosting a recruitment event on Thursday 18 August at The University of Manchester where there will be an opportunity to engage with talented 18-24 year old jobseekers.
New Manchester Monitor asks whether Greater Manchester is bucking the trend
Monday, 1 August 2011
New Economy today released the latest edition of the Manchester Monitor, which provides an analytical snapshot of the economic wellbeing of Greater Manchester.
New Economy warns that economic growth in the UK may be effectively stalling and GM must weather the storm. The indicators reported in this month’s Monitor suggest it is relatively well placed to do so.
To find out more, click here.
July 2011
Making Manchester a leader in enterprise innovation support
Wednesday, 27 July 2011
Manchester should adopt more effective mechanisms to stimulate business innovation – that is the underlying message of a research paper published today by New Economy Working Papers.
The study emphasises the significance of business innovation for Greater Manchester, highlighting how cities with a higher proportion of innovative businesses are the ones which prosper and thrive.
The paper recognises the strong set of institutions that provide business support to businesses within Manchester. However, it suggests that the recent economic downturn and changing policy and institutional structures make it timely to review approaches to the delivery of business innovation support across Manchester.
To find out more, click here.
July 2011
Monthly jobseekers claimant numbers remain steady across Greater Manchester
Wednesday, 13 July 2011
Figures released today by the Office for National Statistics (ONS) show that unemployment remained at virtually the same level across Greater Manchester from May to June.
The number of jobseeker’s allowance (JSA) claimants in Greater Manchester increased very slightly by 75 and was recorded at 76,677 in June 2011 – a rise of 0.1% on the May 2011 figure. This compares to regional (North West) and national declines of 0.6% and 0.8% respectively.
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July 2011
Blue skies remain on the horizon as the economic storm continues, says new Manchester Monitor
Monday, 4 July 2011
New Economy today released the latest edition of the Manchester Monitor, which provides an analytical snapshot of the economic wellbeing of Greater Manchester.
New Economy warns that the UK is continuing to face economic difficulties and set against this climate, Greater Manchester needs to ride out the current storm.
To find out more, click here.
