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Rate of unemployment in Wales falls again | Rate of unemployment in Wales falls again |
(about 3 hours later) | |
The unemployment rate in Wales has fallen again from 6.7% to 6.5%. | The unemployment rate in Wales has fallen again from 6.7% to 6.5%. |
A total of 94,000 people were unemployed in Wales between June and August this year, down by 3,000 compared to the previous three months. | A total of 94,000 people were unemployed in Wales between June and August this year, down by 3,000 compared to the previous three months. |
However, there were still 32,000 fewer people in work in Wales compared to the same period in 2013. | However, there were still 32,000 fewer people in work in Wales compared to the same period in 2013. |
Welsh First Minister Carwyn Jones said the drop showed the government's polices were "making a difference, creating and safeguarding jobs". | Welsh First Minister Carwyn Jones said the drop showed the government's polices were "making a difference, creating and safeguarding jobs". |
"The fall in youth unemployment, which is faster in Wales than elsewhere in the UK, is particularly encouraging." | "The fall in youth unemployment, which is faster in Wales than elsewhere in the UK, is particularly encouraging." |
Falling rate welcomed | Falling rate welcomed |
Welsh Secretary Stephen Crabb welcomed the drop in numbers, saying he was also pleased there had been a fall in youth unemployment. | Welsh Secretary Stephen Crabb welcomed the drop in numbers, saying he was also pleased there had been a fall in youth unemployment. |
"It's so important that we get young people across Wales their first step on the job ladder," he said. | "It's so important that we get young people across Wales their first step on the job ladder," he said. |
Analysis by economics correspondent Sarah Dickins | |
Although the drop in unemployment is good news, not all the figures should be interpreted that way. | |
Compared to this time last year, the number of people working in the Welsh economy has reduced - down by 32,000. | |
Therefore we can't say that because there's been a fall in unemployment there are more people working. That's not the case. | |
Add to that there were some 47,000 more people in Wales counted as "economically inactive". | |
They could have given up work to care for children, they might be students or young entrants into the labour market, or they might be sick. | |
But for whatever reason, that's fewer wage packets coming into Wales, fewer wage packets being spent, and so our economy has worsened as a result. | |
Welsh Conservative Shadow Minister for Business, William Graham AM, also welcomed the figures but was less enthusiastic than Mr Crabb. | Welsh Conservative Shadow Minister for Business, William Graham AM, also welcomed the figures but was less enthusiastic than Mr Crabb. |
He said: "There are encouraging signs within these figures, but it is clear that the economic recovery in Wales remains fragile. | He said: "There are encouraging signs within these figures, but it is clear that the economic recovery in Wales remains fragile. |
"More action can be taken to support businesses and help create the conditions for economic growth in Wales." | "More action can be taken to support businesses and help create the conditions for economic growth in Wales." |
Slower rate criticised | Slower rate criticised |
Eluned Parrott AM, the Welsh Liberal Democrat economy spokeswoman, was critical of the speed at which unemployment was falling. | Eluned Parrott AM, the Welsh Liberal Democrat economy spokeswoman, was critical of the speed at which unemployment was falling. |
She said: "While unemployment in Wales has fallen yet again, it is continuing to fall at a much slower rate than the UK as a whole. | She said: "While unemployment in Wales has fallen yet again, it is continuing to fall at a much slower rate than the UK as a whole. |
"We must ask why 6.5% of our workforce is out of work and why other parts of the UK are continuing to recover faster." | "We must ask why 6.5% of our workforce is out of work and why other parts of the UK are continuing to recover faster." |
Unemployment for the UK as a whole has fallen by 154,000 in the same period, falling from a rate of 6.2% to 6%. | Unemployment for the UK as a whole has fallen by 154,000 in the same period, falling from a rate of 6.2% to 6%. |
Plaid Cymru's economy spokesman Rhun ap Iorwerth said: "Unemployment in Wales continues to fall, and this is to be welcomed. But employment is still lower in Wales than before the recession and this is a matter of concern. | |
"Despite unemployment falling, rates of economic inactivity remain stubbornly high - the highest levels in the UK. Many of these are people who want to be in work and want to contribute to the economy." |