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North East unemployment falls again

Unemployment has fallen again in the North East Credit: PA

There has been another fall in unemployment in the North East.

In the three months between January and March, the number of people out of work fell by 7,000 to 96,000 people. That figure represents 7.5% of the workforce.

Despite the fall, the rate of unemployment in the North East remains the highest in the UK. The national rate stands at 5.5%

Hitachi train factory 'on track' to open in 2015

The construction of a train factory in County Durham, where hundreds of new train carriages will be built for Intercity and ScotRail contracts, is on target to be completed later this year.

Hundreds of train carriages will be built at the site in Newton Aycliffe

More than 700 people will work at the plant in Newton Aycliffe, where hundreds of new train carriages will be built.

Today the final part of the track will be installed, connecting the factory to the rail network for the first time.

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Tonight's Around The House

Around The House, tonight at 10.40pm on ITV. Credit: ITV Tyne Tees

Our political correspondent Paul Brand is joined by four new election candidates for a lively debate on immigration and the economy.

Paul Brand and guests (l to r): Lib Dem Julie Pörksen (on screen), Tory Will Goodhand, Lee Sherriff (Labour) and Phillip Broughton (UKIP) Credit: ITV Tyne Tees

Around The House is on ITV tonight (Thursday 5 March) at 10.40pm.

Osborne promises 50,000 North East jobs in five years

George Credit: PA

George Osborne is expected to outline ambitious plans to create 50,000 new jobs in the North East over the next five years.

The Chancellor of the Exchequer will visit businesses across the region today to set out the government's long-term plan, which he said would boost the regional economy by £6billion.

He will also promise more investment in transport in the North East.

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325 job losses at Wonga due to restructuring

325 job losses at Wonga due to restructuring Credit: Dominic Lipinski/PA Wire

Wonga has announced restructuring which expected to lead to the loss of 325 jobs.

The payday lender currently employs around 950 people and said the losses come as it aims to, "refocus on its consumer businesses."

Wonga can no longer sustain its high cost base which must be significantly reduced to reflect our evolving business and market. Regrettably, this means we’ve had to take tough but necessary decisions about the size of our workforce. We appreciate how difficult this period will be for all of our colleagues and we’ll support them throughout the consultation process.

– Andy Haste, Chairman, Wonga

The move is hoped to save the company £25 million over the next two years. Wonga said costs at the company tripled between 2012-2014.

There will now be a 30 day consultation period for those who are at risk of losing their jobs.

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Hundreds of jobs on offer in event at St James’ Park

St James' Park plays host to SHINE job fair for some of the region's biggest employers. Credit: PA

Hundreds of jobs with some of the region's biggest employers will be on offer today, October 16, at the SHINE recruitment event at St James' Park.

Jobseekers can attend workshops and find out about some of the 1,000 vacancies available from employers, who include Tesco Bank, More Than and BT/Manpower, between 10am-4pm.

More than 400 people have signed up to take part in a 'talent showcase' where there is a chance to walk away with a job offer at the fair itself.

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