Tamworth – The town with Soaring Wages and Shrinking Unemployment

welcome to TamworthWhere in the UK has unemployment fallen most – and where have average wages shot up by 16%?

It is the town of Tamworth, just a few miles north-east of Birmingham.

A combination of luck and good judgement means unemployment has fallen faster here than anywhere else in England, Scotland or Wales.

Between early 2012 and last September, the town’s headline rate of unemployment more than halved, from 9.9% to 4.7%.

The number of people telling the Office for National Statistics (ONS) that they were out of work and looking for a job fell from 3,400 to 1,800 in just two and a half years.

The revival of employment in Tamworth seems to have had a dramatic effect on local wage rates.

According to the Annual Survey of Hours and Earnings (ASHE), the average earnings of people working full-time in the town rose by a whopping 16% last year to £28,000.

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