Unemployment falls in Wales by 7,000
THE number of people unemployed in Wales has fallen by 7,000 in the last three months, figures out today have revealed.
The drop - to 118,000 - is also 14,000 lower than at the same time last year.
The latest figures published by the Office for National Statistics show a similar picture across the UK.
They show the number of people in employment in Wales has also increased by 1,000 over the last quarter.
The number of people claiming Job Seekers allowance in Wales has also fallen by 1,500 since July.
But economic inactivity in Wales has increased over the quarter by 11,000 and is currently 3,000 higher than in August, 2012.
Secretary of State for Wales, David Jones said: “To echo the words of the Chancellor in his speech earlier this week, this steady improvement in employment figures shows that the economy is turning a corner and that our economic plan is working.
“The number of people in work in Wales continues to rise with a further 1,000 in employment over the last quarter. Across the United Kingdom as a whole, there have never been more people in employment.
“Whilst the figures for economic activity in Wales are disappointing, we have seen a significant - and very welcome - drop in unemployment.
“It is clear that we have already achieved a great deal. Exports are up, as is business confidence. I was delighted to see the companies in attendance at the Wales Office’s north Wales business reception last week so full of optimism for the future.
“While there is still some way to go, we are building a balanced, sustainable and broad-based recovery that works for people in Wales and ensures Britain can compete in the global race.”
Eluned Parrott AM, speaking on behalf of the Welsh Liberal Democrats, welcomed the fall in unemployment.
“This is obviously good news but we mustn’t be complacent,” she said.
“Unemployment in Wales, whilst falling, is still well above the UK average and it’s above the rate of most English regions.
“We’re seeing the UK government building a stronger economy having created over 250,000 apprenticeship places for young people since 2010, whilst in Wales we’ve seen the numbers of young people on apprenticeships fall by over 2,700.
“If we want to build a stronger economy for Wales, giving people the opportunity to develop their skills is absolutely critical.
“Next week we are going to mark the second anniversary of the announcement of the Welsh Enterprise Zone programme, and we still have very little idea of the government’s targets for job creation.”