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Unemployment in Wales falls 1,000 between September and November Unemployment in Wales falls 1,000 between September and November
(about 4 hours later)
Unemployment in Wales has fallen by 1,000, official figures show.Unemployment in Wales has fallen by 1,000, official figures show.
The number of people out of work fell to 124,000 between September and November 2012, the Office for National Statistics (ONS) has said.The number of people out of work fell to 124,000 between September and November 2012, the Office for National Statistics (ONS) has said.
In Wales, 8.4% of the population is out of work.In Wales, 8.4% of the population is out of work.
Across the UK, unemployment fell by 37,000 between September and November to 2.49 million - the lowest figure since May 2010.Across the UK, unemployment fell by 37,000 between September and November to 2.49 million - the lowest figure since May 2010.
The UK's economic inactivity rate is the highest in Wales (25.0%) and lowest in the east of England (19.6%), according to the figures. Welsh government Business Minister Edwina Hart said the figures showed the situation remained "challenging".
The Federation of Small Businesses (FSB) in Wales cautiously welcomed the fall, but Janet Jones, who chairs its policy unit, said: "Clearly the challenge is to get more people back into work and economically active, and it's disappointing to see very little progress on this a year on." "The poor performance of the global economy, together with spending cuts imposed by the UK government, which will not support growth or jobs, mean our economic prospects continue to be very uncertain," she said.
She said it was important that small and medium-sized enterprises (SMEs) had continual support from both the Welsh and UK governments as they were key "pathways to employment for the unemployed and those who have been economically inactive for a long time".
Today's figures show that the gradual decline in unemployment in Wales continues after reaching a peak of 137,000 - 9.3% - in the three months ending in September 2011.Today's figures show that the gradual decline in unemployment in Wales continues after reaching a peak of 137,000 - 9.3% - in the three months ending in September 2011.
If we compare today's figures with a year ago, we see there are 17,000 more people in work in Wales and 8,000 fewer unemployed.If we compare today's figures with a year ago, we see there are 17,000 more people in work in Wales and 8,000 fewer unemployed.
There's a clear example that using different time periods can tell different stories; full time employment is up significantly and part time is down when you compare September to November with the previous three months.There's a clear example that using different time periods can tell different stories; full time employment is up significantly and part time is down when you compare September to November with the previous three months.
But when you compare the last three months with the same period in 2011, it shows the opposite picture - an increase in part time work that is twice the size of the decline in full time work.But when you compare the last three months with the same period in 2011, it shows the opposite picture - an increase in part time work that is twice the size of the decline in full time work.
It's also interesting to look at how long people have been out of work. The number of people in the UK who have been out of work for a year or two is down, whereas there has been an increase in the number of people unemployed for under six months.It's also interesting to look at how long people have been out of work. The number of people in the UK who have been out of work for a year or two is down, whereas there has been an increase in the number of people unemployed for under six months.
There is a warning on the horizon - 158,000 were made redundant between September and November which is 27,000 more than the previous three months.There is a warning on the horizon - 158,000 were made redundant between September and November which is 27,000 more than the previous three months.
We are all aware of big high street names that have shed workers since then.We are all aware of big high street names that have shed workers since then.
The UK's economic inactivity rate is the highest in Wales (25.0%) and lowest in the east of England (19.6%), according to the figures.
The Federation of Small Businesses (FSB) in Wales cautiously welcomed the fall, but Janet Jones, who chairs its policy unit, said: "Clearly the challenge is to get more people back into work and economically active, and it's disappointing to see very little progress on this a year on."
She said it was important that small and medium-sized enterprises (SMEs) had continual support from both the Welsh and UK governments as they were key "pathways to employment for the unemployed and those who have been economically inactive for a long time".
The ONS uses an internationally-recognised survey to produce an estimate of the UK's workforce every month.The ONS uses an internationally-recognised survey to produce an estimate of the UK's workforce every month.
The number of people claiming jobseeker's allowance last month fell by 12,100 to 1.56 million.The number of people claiming jobseeker's allowance last month fell by 12,100 to 1.56 million.
Across the UK, a record number of people are in work after another fall in unemployment and a further dip in the numbers claiming jobseeker's allowance.Across the UK, a record number of people are in work after another fall in unemployment and a further dip in the numbers claiming jobseeker's allowance.
Almost 30 million adults were in a job in the quarter to last November, up by more than half a million on the previous year.Almost 30 million adults were in a job in the quarter to last November, up by more than half a million on the previous year.
'Nearly flat''Nearly flat'
The figure, giving an employment rate of 71%, is the highest since records began in 1971.The figure, giving an employment rate of 71%, is the highest since records began in 1971.
The ONS said the largest quarterly decrease in employment was in Wales, a drop of 1.2 percentage points. However, statisticians said this appeared to be due mainly to an unusually high estimate for the three months to August 2012.The ONS said the largest quarterly decrease in employment was in Wales, a drop of 1.2 percentage points. However, statisticians said this appeared to be due mainly to an unusually high estimate for the three months to August 2012.
"The underlying pattern for Wales appears to be nearly flat," said the ONS."The underlying pattern for Wales appears to be nearly flat," said the ONS.
Unemployment fell by 37,000 in the latest quarter to just under 2.5 million, the lowest since spring 2011.Unemployment fell by 37,000 in the latest quarter to just under 2.5 million, the lowest since spring 2011.
It was the 10th consecutive fall and was coupled with another cut in the number of people claiming jobseeker's allowance, which was down by 12,100 last month to 1.56 million, the lowest since June 2011.It was the 10th consecutive fall and was coupled with another cut in the number of people claiming jobseeker's allowance, which was down by 12,100 last month to 1.56 million, the lowest since June 2011.
The number of job vacancies in the economy increased by 10,000 to almost half a million at the end of last year, the highest number for four years.The number of job vacancies in the economy increased by 10,000 to almost half a million at the end of last year, the highest number for four years.