Total headline GVA in Wales in 2010 was £45.5 billion, up 3.5 per cent on 2009, GVA for the UK (excluding extra-regio) rose by 3.2 per cent.
Headline GVA per head in Wales in 2010 was £15,145, up 3.3 per cent on 2009, whilst GVA per head for the UK (excluding extra-regio) rose by 2.4 per cent.
GVA per head in Wales in 2010 was 74.0 per cent of the UK average, the lowest amongst the devolved countries and English regions.
The NUTS2 estimates for 2009 show headline GVA per head in East Wales and West Wales and the Valleys at 91.4 per cent and 62.8 per cent of the UK average respectively.
Headline GVA per head in Wales in 2010 was £15,145, up 3.3 per cent on 2009, whilst GVA per head for the UK (excluding extra-regio) rose by 2.4 per cent.
GVA per head in Wales in 2010 was 74.0 per cent of the UK average, the lowest amongst the devolved countries and English regions.
The NUTS2 estimates for 2009 show headline GVA per head in East Wales and West Wales and the Valleys at 91.4 per cent and 62.8 per cent of the UK average respectively.
The figure of those unemployed now stands at 2.64 million. This is the highest level since 1994. The jobless rate is up to 8.3% from the 7.9% of the previous quarter.
The number of people out of work for longer than a year rose by 19,000 in the latest quarter to 868,000, the worst figure since 1996.
The figures for Wales also show a rise of 8.3% with the figures now having climbed to 130,000 unemployed between August and October an increase of 10,000 on the previous quarter.
Both young people and women have been particularly hard hit. Unemployment among 16 to 24-year-olds increased by 54,000 to 1.027 million, the highest since records began in 1992.
The Office for National Statistics also reported that women's unemployment increased by 45,000 to 1.1 million, the highest figure since 1988.
The figures also show that much of the increase are from jobs that have been cut from the public sector. In the sector 67,000 jobs were lost. Clearly the private sector is not compensating for these losses, the sector added only 5,000 jobs in the same period.
Even those in work are feeling the pinch. Wages continued to rise well below the rate of inflation. Excluding bonuses, average pay rose 1.8% from a year ago, and by just 0.1% from three months ago. But with inflation running at 4.8% many are facing serious cuts to their income.
We have a 9.1 % unemployment rate - so Lib Dems do you think you should have pushed for more money o go into the economy when you were cosying up to Labour
Plaid was on the right track in asking for more to go into economic development
Stop the excuses Mrs H get talking to the UK government and the Welsh MPs get Wales moving , stop the posturing and committees lets see some action
Morrison's announced jobs today - more low paid part time retail jobs and the expansion of yet another toxic super market - that's not what we need Look at what Southern Germany are doing lets get some hope back
Wales deserves better from all parties - cut you holidays and get back to the senydd and do something - most private sector people will have a few days off over Xmas. The public sector are shutting down fot almost two weeks - that wont get us any where
Time we all put out shoulder to the wheel - dont you think !
4 comments:
Time we all put out shoulder to the wheel - dont you think !
Couldn't agree more Valleys Mam, its past time for Carwyn and Edwina get their act together.
"Time we all put out shoulder to the wheel - dont you think !"
Yep, but it ain't going to happen in Wales, lest not via the Welsh Government.
Yes this has been burried. No one is outraged or jumping up and down.
Are we just numb or accepting too much
Shoulder to the wheel, they are too busy dining with lobbyists for that
did we really expect anything else, how many people actually knew the GVA figures we published yesterday, they got overshadowed by yet more awful unemployment figures.
Ask yourself how many people understand what such poor GVA actually mean for them in terms of their jobs, public services etc. A majority of Welsh voters are economically illiterate which is good for politicians but bad for individual, we can put a lot of this down to the lack of and poorly quality business and economic media
It means the Welsh Government gets away with murder on the economy, but at least you blogged on the figures, good on you.
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