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Covid-savings and debt are unevenly distributed across the country, risking an uneven recovery as restrictions are lifted.
Data from this month's update shows signs of recovery in most cities and large towns, but for a few, significant challenges remain.
As the first Labour Mayor for Cambridgeshire and Peterborough, Nik Johnson should focus on reducing inequalities in the combined authority ensuring everyone can benefit from the growth in the area.
After successfully being re-elected as Mayor of Liverpool City Region, Steve Rotheram now needs to lead the area in the recovery from Covid-19, creating jobs and long-term prosperity.
Job postings in cities and large towns in the North and Midlands are recovering fastest, while London and other cities are lagging.
While retail and hospitality account for the largest shares of jobs on furlough across the country, the export base of some places has been particularly affected, raising concerns about their ability to bounce back.
While in some parts of the country the situation is stabilising, the labour market in cities and large towns in the Greater South East continues to deteriorate.
In most cities and large towns, applications for the EU Settlement Scheme far outnumber population estimates.
While the take-up of the Job Retention Scheme has increased everywhere in January to reflect the third lockdown, there are signs that things are less bad than during the first one.
Creating jobs is essential to level up, but the type of jobs created also matters if we are to level up pay across the country.