WALES – Unemployment in Wales rises 10,000 to 8.4%

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The unemployment rate in Wales rises 10,000 to 8.4%

Unemployment in Wales has risen by 10,000, taking the total to 122,000, new figures show.

The jobless rate is now 8.4%, which means Wales continues to have the highest percentage of the four UK nations, say Labour Market Statistics.

The figures coincided with the closure of Newport department store TJ Hughes with the loss of 50 jobs.

Welsh Secretary Cheryl Gillan said the figures demonstrated an urgent need for growth.

The rise is 0.7% between April and June, although the total is 5,000 lower than in the same period last year.

Claimant count has risen by 2,100 in the past month and now stands at 77,000.

Across the UK, unemployment rose by 38,000 in the three months to June to 2.49m. The UK jobless rate is now 7.9%, in England it is 7.9%, Scotland 7.7% and Northern Ireland 7.3%.

Mrs Gillan said: “Today’s statistics are disappointing for Wales.

“We are not complacent about the task ahead and have been dealing with an extremely choppy economic climate.”

Meanwhile, a south Wales valleys-based insurance broker has announced the closure of seven of its branches, with the loss of 10 jobs.

Motaquote will close offices in Cwmbran, Mountain Ash, Aberdare, Ebbw Vale, Neath, Treorchy and Risca due to a “loss in footfall”.

Five workers opted for voluntary redundancy and 30 were given new roles at the firm’s head office in Williamstown, Rhondda Cynon Taf.

But five head office roles were lost in the restructuring of the company, which was set up in 1991 and is part of nationwide group Cullum Capital Ventures.

Managing director Nigel Lombard said: “Unfortunately, due to the economic downturn it was no longer commercially viable to keep these branches open.”

Employment Minister Chris Grayling said the figures across the UK were disappointing.

Mr Grayling said: “Clearly this has been a difficult few months with a range of one-off factors and a slowdown in the world economy having an impact on the UK.

“This is why is we are focused on taking steps to increase growth, support the economy and encourage businesses to invest and create jobs.”


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Labour Market Statistics (Link Here)

Contains the latest data for employment, economic activity, economic inactivity, unemployment, claimant count, average earnings, productivity, unit wage costs, vacancies and labour disputes.

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