141017 Key Economic Statistics October 2014 En

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Key Statistics for Economy

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<ul><li><p> Key economic statistics October 2014 </p><p> The employment rate in Wales, as estimated by the Labour Force Survey, was 68.8 per cent of those aged 16-64 during June to August 2014, down from 70.0 per cent a year earlier. </p><p> The UK rate for the same period was 73.0 per cent, up from 71.5 per cent a year earlier. </p><p> The unemployment rate in Wales was 6.5 per cent of the economically active population during June to August 2014, down from 8.0 per cent a year ago. </p><p> The UK rate for the same period was 6.0 per cent, down from 7.7 per cent a year ago. </p><p> Summary statistics: June to August 2014 (seasonally adjusted) </p><p>Wales UK New data released this month:</p><p>Level Change Rate Change Rate Change</p><p>(000s) on year (%) on year (%) on year</p><p>Employment (1)</p><p>1,363 -32 68.8 -1.3 73.0 1.5</p><p>ILO unemployment (2)</p><p>94 -27 6.5 -1.5 6.0 -1.7 Economic indices (page 8)</p><p>Economically active (1)</p><p>1,457 -58 73.7 -2.5 77.8 0.2</p><p>Economically inactive (3)</p><p>503 47 26.3 2.5 22.2 -0.2</p><p>Claimant count (4)</p><p>52.9 -17 3.7 -1.2 2.8 -1.2 </p><p>(1) Levels are for those aged 16 and over, rates are for those aged 16-64. (2) Levels and rates are for those aged 16 and over. The rate is a proportion of the economically active. </p><p>(3) Levels and rates are for those aged 16-64. (4) Data relate to September 2014 and are provisional. </p><p>SB 78/2014 17 October 2014 </p><p>Statistician: Henry Small Tel: 029 2082 5017 Email: economic.stats@wales.gsi.gov.uk Next update: 14 November 2014 Twitter: www.twitter.com/statisticswales | www.twitter.com/ystadegaucymru </p><p>2</p><p>4</p><p>6</p><p>8</p><p>10Ju</p><p>n to A</p><p>ug 9</p><p>9</p><p>Jun to A</p><p>ug 0</p><p>1</p><p>Jun to A</p><p>ug 0</p><p>3</p><p>Jun to A</p><p>ug 0</p><p>5</p><p>Jun to A</p><p>ug 0</p><p>7</p><p>Jun to A</p><p>ug 0</p><p>9</p><p>Jun to A</p><p>ug 1</p><p>1</p><p>Jun to A</p><p>ug 1</p><p>3</p><p>Wales</p><p>UK</p><p>Unemployment rate</p><p>60</p><p>65</p><p>70</p><p>75</p><p>80</p><p>Wales</p><p>UK</p><p>Employment rate % of pop aged 16-64</p><p>% of economically active</p></li><li><p> 2 </p><p>New monthly information released this month is summarised below. </p><p>The Labour Force Survey estimates for the 3 months to August 2014 show: </p><p> The employment rate of people aged 16 to 64 in Wales was 68.8 per cent, down from 70.0 per cent a year earlier. The UK average was 73.0 per cent. </p><p> The ILO unemployment rate in Wales was 6.5 per cent of the economically active, down from 8.0 per cent in the same period a year earlier. The UK average was 6.0 per cent. </p><p> The economic inactivity rate of people aged 16 to 64 in Wales was 26.3 per cent, up from 23.8 per cent in the same period a year earlier. The UK average was 22.2 per cent. </p><p>The claimant count rate in September 2014 for Wales was 3.7 per cent of the workforce, down from 4.9 per cent in September 2013 (UK rate 2.8 per cent). </p><p>The non-seasonally adjusted claimant count rate in September 2014 for West Wales and the Valleys was 2.7 per cent of the resident population aged 16 to 64. The rate for East Wales stood at 2.6 per cent. </p><p>Other new information released this month is summarised below: </p><p>The Index of Production for the four quarters to 2014 quarter 2 for Wales rose by 0.6 per cent compared with the previous four quarters. The UK index rose by 2.0 per cent over the same period. </p><p>The Index of Construction for the four quarters to 2014 quarter 2 for Wales rose by 1.7 per cent compared with the previous four quarters. The UK index rose by 5.9 per cent over the same period. </p><p>The Index of Manufacturing for the four quarters to 2014 quarter 2 for Wales rose by 3.0 per cent compared with the previous four quarters. The UK index rose by 2.4 per cent over the same period. </p><p>The Index of Market Services for the four quarters to 2014 quarter 2 for Wales rose by 0.7 per cent compared with the previous four quarters. The UK index rose by 3.2 per cent over the same period. </p><p>Contents </p><p>The charts in this bulletin are arranged as follows: </p><p> page 3: employment; </p><p> page 4: unemployment; </p><p> page 5: economic inactivity and out of work benefit claimant rates; </p><p> page 6: labour market indicators for NUTS2 areas; </p><p> page 7: employee and self employment jobs; </p><p> page 8: Indices of Production; Index of Construction; and Index of Market Services </p><p> page 9: exports, VAT/PAYE enterprise births and VAT/PAYE enterprises; and </p><p> page 10: average earnings, gross value added and gross disposable household income per head. </p><p>Detailed background notes and key quality information are given on pages 11 to 15. </p></li><li><p> 3 </p><p>Employment Rate: Persons Percentage of those aged 16-64 </p><p>60</p><p>65</p><p>70</p><p>75</p><p>80</p><p>Jun-Aug 10 Jun-Aug 11 Jun-Aug 12 Jun-Aug 13 Jun-Aug 14</p><p>Wales</p><p>UK</p><p>There were 1.363 million people in employment in Wales in June to August 2014, down 32,000 (2.3 per cent) from the same period a year earlier. This is a rate of 68.8 per cent of those aged 16-64, down from 70.0 per cent in the same period a year earlier. The total number in employment in the UK over the same period rose by 736,000 (2.4 per cent) to 30.8 million. This is a rate of 73.0 per cent of those aged 16-64, up from 71.5 per cent a year earlier. </p><p>Next update: 14 Nov 2014 Source: Labour Force Survey, NS </p><p>Employment Rate: Men Percentage of those aged 16-64 </p><p>60</p><p>65</p><p>70</p><p>75</p><p>80</p><p>Jun-Aug 10 Jun-Aug 11 Jun-Aug 12 Jun-Aug 13 Jun-Aug 14</p><p>Wales</p><p>UK</p><p>There were 716,000 men in employment in Wales in June to August 2014, down 27,000 (3.7 per cent) from the same period a year earlier. This is a rate of 72.1 per cent of those aged 16-64, down from 74.4 per cent in the same period a year earlier. </p><p>The number of men in employment in the UK over the same period rose by 367,000 (2.3 per cent) to 16.4 million. This is a rate of 77.9 per cent of those aged 16-64, up from 76.4 per cent a year earlier. Next update: 14 Nov 2014 Source: Labour Force Survey, NS </p><p>Employment Rate: Women Percentage of those aged 16-64 </p><p>60</p><p>65</p><p>70</p><p>75</p><p>80</p><p>Jun-Aug 10 Jun-Aug 11 Jun-Aug 12 Jun-Aug 13 Jun-Aug 14</p><p>Wales</p><p>UK</p><p>There were 647,000 women in employment in Wales in June to August 2014, down 5,000 (0.7 per cent) from a year earlier. This is a rate of 65.4 per cent of those aged 16-64, down from 65.7 per cent in the same period a year earlier. </p><p>The number of women in employment in the UK stood at 14.4 million, up 368,000 (2.6 per cent) over the year. This is a rate of 68.1 per cent of those aged 16-64, up from 66.7 per cent a year earlier. Next update: 14 Nov 2014 Source: Labour Force Survey, NS </p><p>Public sector employment* Percentage of population </p><p>8</p><p>9</p><p>10</p><p>11</p><p>12</p><p>2010 Q2 2011 Q2 2012 Q2 2013 Q2 2014 Q2</p><p>Wales</p><p>UK</p><p>There were 315,000 people employed in the public sector in Wales in 2014 quarter 2, down 19,000 (5.7 per cent) from a year earlier. This is a rate of 10.2 per cent of the population, down 0.6 percentage points from a year earlier. </p><p>Public sector employment in the UK over the same period fell by 282,000 (5.0 per cent) to 5.4 million. This is a rate of 8.5 per cent of the population, down 0.4 percentage points from a year earlier. Next update: 19 Dec 2014 Source: RPSE, ONS </p><p>* not seasonally adjusted </p><p>RPSE Regional Public Sector Employment NS = National Statistics </p><p>New data </p><p>New data </p><p>New data </p></li><li><p> 4 </p><p>ILO Unemployment Rates Percentage of economically active </p><p> There were 94,000 people who were ILO unemployed in Wales in June to August 2014, down 27,000 (22.0 per cent) from a year earlier. This is a rate of 6.5 per cent of the economically active population, down from 8.0 per cent a year earlier. </p><p>The number of ILO unemployed people in the UK over the same period fell by 538,000 (21.4 per cent) to 2.0 million. This is a rate of 6.0 per cent of the economically active population, down from 7.7 per cent a year earlier. </p><p>4</p><p>6</p><p>8</p><p>10</p><p>Jun-Aug 10 Jun-Aug 11 Jun-Aug 12 Jun-Aug 13 Jun-Aug 14</p><p>Wales</p><p>UK</p><p>Next update: 14 Nov 2014 Source: Labour Force Survey, NS </p><p>Long-term ILO Unemployment Rates* Percentage of all unemployed: 4 quarter rolling average </p><p>20</p><p>25</p><p>30</p><p>35</p><p>40</p><p>y/e Jun 10 y/e Jun 11 y/e Jun 12 y/e Jun 13 y/e Jun 14</p><p>Wales</p><p>UK</p><p>For the year ending 30 June 2014 the Annual Population Survey (APS) estimates that 34,500 people in Wales were long-term ILO unemployed (12 months or more), down 16.5 per cent over the year. </p><p>This represented 32.9 per cent of all those unemployed in the year, down 1.7 percentage points over the year. The equivalent UK rate was 35.8 per cent, down 0.1 percentage points over the year. </p><p>Next update: 19 Dec 2014 Source: LLFS/APS, NS </p><p>Youth ILO Unemployment Rates* Percentage of economically active: 4 quarter rolling average </p><p>10</p><p>15</p><p>20</p><p>25</p><p>30</p><p>y/e Jun 10 y/e Jun 11 y/e Jun 12 y/e Jun 13 y/e Jun 14</p><p>Wales</p><p>UK</p><p>For the year ending 30 June 2014 the APS estimates that 42,200 people aged 16-24 in Wales were ILO unemployed, down 9.9 per cent over the year. </p><p>This represented 19.3 per cent of the economically active in this age group, down 3.0 percentage points over the year. The equivalent UK rate was 18.6 per cent, down 2.1 percentage points over the year. </p><p>Next update: 19 Dec 2014 Source: LLFS/APS, NS </p><p>Claimant Count Rates Percentage of civilian workforce </p><p>2</p><p>3</p><p>4</p><p>5</p><p>6</p><p>Sep-10 Sep-11 Sep-12 Sep-13 Sep-14</p><p>UK</p><p>Wales</p><p>The claimant count in Wales stood at 52,900 in September 2014, a rate of 3.7 per cent of the workforce. Over the 12 months to September 2014 it fell by 16,500 (23.8 per cent). </p><p>The UK claimant count stood at 951,900 in September 2014, representing 2.8 per cent of the workforce. Over the 12 months to September 2014 it fell by 394,500 (29.3 per cent). </p><p>Next update: 14 Nov 2014 Source: Jobcentre Plus, NS </p><p> * not seasonally adjusted </p><p>NS = National Statistics </p><p>New data </p><p>New data </p></li><li><p> 5 </p><p>Economic Inactivity Rate: Persons Percentage of those aged 16-64 </p><p>15</p><p>20</p><p>25</p><p>30</p><p>35</p><p>Jun-Aug 10 Jun-Aug 11 Jun-Aug12 Jun-Aug 13 Jun-Aug 14</p><p>Wales</p><p>UK</p><p>There were 503,000 people who were economically inactive in Wales in June to August 2014, up 47,000 (10.2 per cent) from a year earlier. This is a rate of 26.3 per cent of those aged 16-64, up from 23.8 per cent on the same period a year earlier. </p><p>The number who were economically inactive in the UK over the same period fell by 46,000 (0.5 per cent) to 9.0 million. This is a rate of 22.2 per cent of those aged 16-64, down from 22.4 per cent a year earlier. Next update: 14 Nov 2014 Source: Labour Force Survey, NS </p><p>Economic Inactivity Rate: Men Percentage of those aged 16-64 </p><p>10</p><p>15</p><p>20</p><p>25</p><p>30</p><p>Jun-Aug 10 Jun-Aug 11 Jun-Aug12 Jun-Aug 13 Jun-Aug 14</p><p>Wales</p><p>UK</p><p>There were 209,000 economically inactive men in Wales in June to August 2014, up 29,000 (16.1 per cent) from a year earlier. This is a rate of 22.0 per cent of those aged 16-64, up from 18.9 per cent a year earlier. </p><p>The number of economically inactive men in the UK over the same period rose by 28,000 (0.8 per cent) to 3.4 million. This is a rate of 16.7 per cent of those aged 16-64, up from 16.6 per cent a year earlier. </p><p>Next update: 14 Nov 2014 Source: Labour Force Survey, NS </p><p>Economic Inactivity Rate: Women Percentage of those aged 16-64 </p><p>15</p><p>20</p><p>25</p><p>30</p><p>35</p><p>Jun-Aug 10 Jun-Aug 11 Jun-Aug12 Jun-Aug 13 Jun-Aug 14</p><p>Wales</p><p>UK</p><p>There were 294,000 economically inactive women in Wales in June to August 2014, up 18,000 (6.4 per cent) from a year earlier. This is a rate of 30.6 per cent of those aged 16-64, up from 28.7 per cent in the same period a year earlier. </p><p>The number of economically inactive women in the UK over the same period fell by 74,000 (1.3 per cent) to 5.7 million. This is a rate of 27.6 per cent of those aged 16-64, down from 28.0 per cent a year earlier. Next update: 14 Nov 2014 Source: Labour Force Survey, NS </p><p>Out of Work Benefit Claimants* Percentage of those aged 16-64 </p><p>10</p><p>12</p><p>14</p><p>16</p><p>18</p><p>20</p><p>Feb 2004 Feb 2006 Feb 2008 Feb 2010 Feb 2012 Feb 2014</p><p>Wales</p><p>GB</p><p>There were 260,600 people claiming out of work benefits in Wales in February 2014, down 18,200 (6.6 per cent) from a year earlier. This is a rate of 13.5 per cent of those aged 16-64, down from 14.4 per cent in the same period a year earlier. </p><p>The number claiming out of work benefits in GB over the same period fell by 421,900 (9.1 per cent) to 4.2 million. This is a rate of 10.6 per cent of those aged 16-64, down from 11.7 per cent a year earlier. Next update: 14 Nov 2014 Source: WPLS, DWP </p><p>WPLS Work and Pensions Longitudinal Study * not seasonally adjusted </p><p>NS = National Statistics </p><p> New data </p><p>New data </p><p>New data </p></li><li><p> 6 </p><p>Employment Rate: NUTS2 areas* 4 quarter rolling average, percentage of those aged 16-64 </p><p>60</p><p>65</p><p>70</p><p>75</p><p>y/e Jun 10 y/e Jun 11 y/e Jun 12 y/e Jun 13 y/e Jun 14</p><p>Wales</p><p>East Wales</p><p>West Wales and the Valleys</p><p>For the year ending 30 June 2014 the average employment level in West Wales and the Valleys was up 17,900 (2.2 per cent) over the year. For East Wales, the level was up 15,500 (3.0 per cent) over the year. </p><p>Over the same period, the employment rate increased by 1.8 percentage points in both West Wales and the Valleys and in East Wales. </p><p>Next update: 19 Dec 2014 Source: LLFS/APS, NS </p><p>ILO Unemployment Rate: NUTS2 areas* 4 quarter rolling average, percentage of economically active </p><p>6</p><p>7</p><p>8</p><p>9</p><p>10</p><p>y/e Jun 10 y/e Jun 11 y/e Jun 12 y/e Jun 13 y/e Jun 14</p><p>Wales</p><p>East Wales</p><p>West Wales and the Valleys</p><p>For the year ending 30 June 2014 the average unemployment level in West Wales and the Valleys was down 6,700 (8.7 per cent) over the year. For East Wales the level was down 7,900 (18.5 per cent) over the year. </p><p>Over the same period, the unemployment rate fell by 0.8 percentage points in West Wales and the Valleys and fell by 1.5 percentage points in East Wales. Next update: 19 Dec 2014 Source: LLFS/APS, NS </p><p> Claimant Count Rate: NUTS2 areas* </p><p>12 month rolling average, percentage of resident population aged 16-64 </p><p>2</p><p>3</p><p>4</p><p>5</p><p>y/e Sep 10 y/e Sep 11 y/e Sep 12 y/e Sep 13 y/e Sep 14</p><p>West Wales and the Valleys</p><p>East Wales</p><p>Wales</p><p>The claimant count in West Wales and the Valleys fell by 9,900 (25.3 per cent) over the year to stand at 32,200 in September 2014, a rate of 2.7 per cent of the resident population aged 16-64. </p><p>In East Wales, the claimant count was 19,200 in September 2014, down 5,200 (23.6 per cent) over the year. This is a rate of 2.6 per cent of the resident population aged 16-64. Next update: 14 Nov 2014 Source: Jobcentre Plus, NS </p><p> Economic Inactivity Rate: NUTS2 areas* 4 quarter rolling average, percentage of those aged 16-64 </p><p>20</p><p>25</p><p>30</p><p>35</p><p>y/e Jun 10 y/e Jun 11 y/e Jun 12 y/e Jun 13 y/e Jun 14</p><p>Wales</p><p>East Wales</p><p>West Wales and the Valleys</p><p>For the year ending 30 June 2014 the economic inactivity level in West Wales and the Valleys was down 16,200 (5.1 per cent) over the year. For East Wales the level was down 5,900 (3.4 per cent) over the year. </p><p>Over the same period, the economic inactivity rate fell by 1.3 percentage points in West Wales and the Valleys and fell by 0.8 percentag...</p></li></ul>