Economy of Wales - Employment, Unemployment and Economic Activity

Employment, Unemployment and Economic Activity

According to the Welsh Government bulletin of economic statistics for November 2010, the Labour Force Survey estimates for the 3 months to September 2010 show that:

  • The employment rate in Wales was 67.1%, unchanged from the same period a year earlier. The UK average was 70.8%.
  • The ILO unemployment rate in Wales was 8.1% of the economically active, down from 8.8% in the same period a year earlier. The UK average was 7.7%.
  • The economic activity rate in Wales was 73.3%, down from 73.7% in the same period a year earlier. The UK average was 76.8%.
  • The claimant count rate in October 2010 for Wales was 5.0% of the workforce, down 0.7% on October 2009. The UK average was 4.5%.

For statistical purposes, the Office for National Statistics divides Wales into 26 Travel to Work Areas, collections of wards for which "of the resident economically active population, at least 75% actually work in the area, and also, that of everyone working in the area, at least 75% actually live in the area". Some of these areas span the border with England.

Small and medium-sized enterprises made up over 99% of the 190,000 businesses in Wales in 2006, but accounted for less than 60% of employment.

Read more about this topic:  Economy Of Wales

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