Wednesday, 11 August 2010

Unemployment falls in Wales.

The Office of National Statistics today released Labour force data which shows that unemployment in Wales has fallen by 3,000 in the 3 months to June 2010 compared to the 3 months to March 2010. Unemployment fell from 133,000 to 130,000 or 9.3% to 9%. This data follows the pattern throughout the UK
Other data of interest from the statistics are the % of 16 to 64 year olds who are economically active: 73.5% (76%), and economically inactive: 26.5%(24%). Previous quarter figures are in brackets.

Whilst these figures are indeed a step in the right they need to be treated with caution and no predictions of economic recovery can be made until we have seen several quarters of falling unemployment.

2 comments:

glynbeddau said...

I find these figures highly surprising. As someone actively seeking work. I have seen the amount of actual jobs advertised either by government sources (directgov) or public sector,(NHs jobs, Local authority, academia), or through employment agencies virtually dry up in recent times. I am afraid we need a deeper analysis before we can reach any conclusion.

Plaid Gwersyllt said...

Glyn- There were 1,302,000 in employment in Wales as at March 2010, in June that was 1,312,000 a net increase of 10,000. What throws these figures is that economic activity rates are down and inactivity rates are up suggesting that claimants are coming off some benefits and going on others i.e JSA going onto Pension Credits.