The jobs market in Peterborough has had one of the quickest recoveries in 2021 according to a study released today from the thinktank, Centre for Cities and employment website, Indeed.
The analysis compared employment opportunities from February 2020 to April 2021, with Peterborough ranking 8th in the UK for its jobs market growth.
Read the full analysis here.
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Most jobs had been created in manufacturing and distribution, and with a heavy concentration of these sectors in the area, Peterborough has performed well above average even ahead of broader lockdown restrictions easing.
Tom Hennessy, chief executive of Opportunity Peterborough, the city’s economic development company, said, “It’s fantastic to see Peterborough performing so well in the latest analysis from Centre for Cities. Data like this proves the strength and resilience of Peterborough’s businesses, supply chains, and its broader economy to residents and prospective investors.
“As we’ve seen during other global economic downturns, although Peterborough is initially hit hard, it can recover just as quickly. This will also have been boosted with the arrival of many new employers over the last 12 months alongside the expansion of some business’ footprints in the city as they’ve pressed ahead with investments. The growth of the jobs market in particular is a promising sign of broader business recovery and suggests the city will maintain a strong recovery once lockdown has ended.”