Unemployment in Wales down by 1,000 in three months to November

The number of jobless people in Wales has fallen slightly by 1,000, taking the unemployment rate to 8.9%.

The number of unemployed between September and November was 130,000, but it remained 7,000 higher than the same period in 2010.
Wales’ claimant count last month was 77,300, according to the Office for National Statistics (ONS).
The number of jobseekers’ allowance claimants fell by 500 in December.
The ONS said unemployment across the UK increased by 118,000 in the three months to November to 2.68m – its highest level since 1994. The unemployment rate rose by 8.3% to 8.4%.

The figures come as troubled retailer Peacocks – which employs more than 400 people in Cardiff and 10,000 more across the UK – looks for new investors to avoid going into administration.

Welsh Secretary Cheryl Gillan gave a “cautious” welcome to the statistics, which also showed the number of people in work rose by 13,000 over the quarter.
She said: “This is encouraging news, but we need to bear in mind that this is a single set of figures and there is still a long way to go.”
She appealed to the Welsh government to work with the UK coalition in Westminster.
“We know that we have the resources and the support available to make Wales a first-class business destination, so it is up to all of us to work together to promote Welsh business opportunities and attract inward investment,” she added.
The Welsh government said the weakening labour market across the UK was “disappointing but not surprising”.
Business Minister Edwina Hart said a £39m stimulus package and a £15m fund for businesses announced late last year “are focused on stimulating demand in the Welsh economy and creating opportunities for people, particularly the young, across Wales”.
Plaid Cymru economy spokesman Alun Ffred Jones said there was hope that the “jobs crisis is bottoming out”.
Welsh Liberal Democrat business spokeswoman Eluned Parrott said Wales had “bucked the UK trend” on unemployment, but added: “There is a long way to go.”

*figures from bbb.co.uk*

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