North East Economic Dashboard
Last updated: 18th November 2022
The Labour Market
The North East regional unemployment rate is the joint second highest in England, level with London and behind the West Midlands.
The North East has the highest economic inactivity rate in England, with one in four working age (16-64) people currently inactive.
Data source: ONS
House Prices
Average Pay
The North East average house price is £164,000, up 5.8% in the past 12 months - the slowest rate of growth in the country. The UK average is £295,000 and the average for England is £314,000.
Data source: ONS
Average pay in the North East is £573 per week for men and £496 per week for women, £81 and £62 respectively below the British averages.
Data source: ONS
Long term sickness
Wants a job?
Across the UK, long term sickness has increased dramatically as a reason for economic inactivity since the pandemic. In the North East the figure has increased from 115,000 to 133,000.
Data source: ONS
There are 412,000 economically inactive people in the North East, of those 23.2% - 95,000 - want a job. Across the UK as a whole, that proportion is 19.4%.
Data source: ONS
Business Population
The North East has a lower number of businesses per 100,000 population (704) than the UK average (1,014), and the lowest figure of any UK region.
Data source: ONS