George Osborne’s ‘Northern Powerhouse’ is becoming a reality. CV-Library’s job growth rates from Q2 (April – June 2015) show that a number of the UK’s northern cities are rapidly climbing ahead of the south, suggesting a promising outlook for closing the job growth gap that divides the country.
Of the 391,811 jobs available last quarter, London still came top, holding a 17.02% share. However, the job growth and job postings in northern UK cities paints a very different picture. Even though Edinburgh held just 0.62% of UK jobs, it has taken the top position for job growth in Q2 and has held this number 1 position for 2 consecutive months during this period, coming second to Liverpool in June 2015.
The UK’s top cities’ job growth in Q2 2015 were:
- Edinburgh – 28.4% growth
- Liverpool – 16.94% growth
- Birmingham – 14.34% growth
- London – 12.71% growth
- Southampton – 10.74% growth
- Manchester – 9.32% growth
- Leeds – 8.73% growth
- Glasgow – 8.08% growth
- Newcastle – 5.13% growth
This evidence suggests that the Conservatives’ 5 year plan to close the job growth gap that separates the north and south of the country is beginning to take effect. However, the number of jobs available in the north, despite their growth, still have a way to go before they can compete with London’s current share, as seen below:
- London – 17.02% of UK’s jobs Q2
- Birmingham – 5.79% of UK’s jobs Q2
- Manchester – 3.89% of UK’s jobs Q2
- Leeds – 2.96% of UK’s jobs Q2
- Southampton – 1.24% of UK’s jobs Q2
- Liverpool – 1.22% of UK’s jobs Q2
- Newcastle – 1.19% of UK’s jobs Q2
- Glasgow – 0.79% of UK’s jobs Q2
- Edinburgh – 0.62% of UK’s jobs Q2
Edinburgh, Liverpool and Birmingham may hold low positions regarding their share of UK jobs, but they rank in the top 3 in terms of job growth for Q2 2015. In addition, London’s growth rate is slowing, suggesting that Cameron’s aims to increase job growth in the north and steady job growth in the south is working.
To complement the job growth figures of the UK’s top cities for Q2 2015, CV-Library figures also displayed cities Liverpool, Edinburgh and Birmingham remained in the highly ranked positions for June 2015, with job growth rates of over 50% respectively, all of which are ahead of the UK’s national average of 40.3% during this period.