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ONS: Unemployment in Wales falls by 3,000 ONS: Unemployment in Wales falls by 3,000
(34 minutes later)
Unemployment in Wales has fallen to 120,000, according to latest figures released by the Office of National Statistics. Unemployment in Wales has fallen to 120,000, latest figures from the Office of National Statistics show.
The monthly update shows 8.2% of the working population is out of work which means between December and February the unemployment rate was down by 3,000 on the previous three months. The monthly update shows 8.2% of the working population is out of work, which means between December and February the unemployment rate was down by 3,000 on the previous three months.
The number is also down 11,000 compared with the same period in 2012.The number is also down 11,000 compared with the same period in 2012.
Welsh Secretary David Jones said the news was a "welcome step-change" but the economic recovery remained fragile.
"I am particularly pleased to see that the unemployment rates in Wales are falling and that, over the year, the employment rate has increased," he added.
"However, while these figures are a welcome step-change, we must not be complacent.
"Only last week, we saw the disappointing closure of the Welsh Country Foods plant on Anglesey with the loss of 350 jobs.
"This simply reinforces the need for constant vigilance and co-ordinated action across governments to make sure we maximise opportunities to maintain and create employment in Wales."
UK unemployment has risen by 70,000 to 2.56m, or 7.6% of working people.UK unemployment has risen by 70,000 to 2.56m, or 7.6% of working people.