Business Intelligence across Hertfordshire
Hertfordshire outperforms UK
- Hertfordshire's tradition of having a better employment rate than the UK is being maintained
- Estimates of people with long-term sickness and caring for family have grown
- The impact of long-term sickness is becoming more profound across Hertfordshire
Cooling and rebalancing
- After a period of high demand, the job market is rebalancing
- There was a 27% reduction in job postings (2023 to 2024)
- Many companies focusing on cost cutting and efficiencies
Strong recovery
- Business births exceed deaths
- Steady recovery in the employment rate
- Record high people in employment
Hertfordshire's business base
- Stock of Hertfordshire businesses increased
- 6/10 Herts districts grew their business stock
- Self-employment started to recover in 2023
Hertfordshire bounces back
- Increasing number of projects won
- Doubling number of new jobs created
- Growth of business population