Latest Quarterly Economic Briefing for Warwickshire

Warwickshire's Quarterly Economic BriefingWarwickshire County Council’s Economic Development Team and the Observatory have been working on the latest Quarterly Economic Briefing for April 2014.  The newsletter includes:

  • Local News
  • CSW Broadband Project Update
  • Warwickshire’s Annual Business Survey
  • Feeling the Pinch – Real Wage Trends
  • Procurement Made Easy
  • Budget 2014 Round Up
  • Warwickshire Rural Growth Network
  • Resilience Index
  • Latest Economic Update
  • Strategic Economic Plan
  • Nuneaton Town Centre Scheme
  • Leamington in Top Ten
  • Contact Us

To download the newsletter, please click on the link below:

Warwickshire’s Quarterly Economic Briefing – April 2014

If you’ve got any feedback on the newsletter, both in terms of contact and design, please let us know using the comments box below or by emailing econdev@warwickshire.gov.uk and research@warwickshire.gov.uk

Unemployment at its lowest levels in Warwickshire since June 2008

UnemploymentThe number of people claiming Job Seekers’ Allowance (JSA) in Warwickshire in December 2013 was 5,878; a rate of 1.7% of the resident working age population and 2.1% of the economically active population. Unemployment has fallen below pre-recession levels, the county now has similar numbers of JSA claimants as it did 5 and a half years ago.

The number of claimants in Warwickshire has fallen by over 220 over the past month (-3.6%).  The graph shows the claimant count for Warwickshire compared with the national average.  Although the county has followed the national trend in terms of falling JSA numbers over the past month, the fall in Warwickshire claimants between November and December 2013 has fallen at double the rate seen at a national level (-1.8%).

DistrictWarwickshire has a lower claimant rate than this time last year with 1,616 fewer claimants recorded in December 2013 (a fall of 21.6%). This year-on-year fall is in line with the national figures (a fall of 21.7%). Within Warwickshire, all Districts/Boroughs saw a fall in claimants over the past year albeit to varying extents. Stratford-on-Avon has seen the largest percentage fall in claimants over the last year (-33.6%) compared to Nuneaton & Bedworth (-10.9%). This graphic chart shows the claimant count unemployment rate for the five Districts/Boroughs in Warwickshire over the past two decades. During this period, the average rate for Nuneaton & Bedworth has been twice that of the average rate in Stratford-on-Avon District. However, since the economic downturn began in 2008 the gap has grown, and the current rate in Nuneaton & Bedworth (3.1%) is nearly four times the rate in Stratford-on-Avon District (0.8%).

AgeThe number of JSA claimants aged 18-24 (youth unemployment) in the county has fallen over the last month.  In December 2013, there were 1,440 claimants aged 18-24 years (3.2% of the resident 18-24 population) whereas in the previous month there were 1,580 claimants aged 18-24 years.  However, looking at the year-on-year figures, the numbers are considerably lower in December 2013 than at the same time the previous year (1,970 claimants or 4.3%).

DurationThere are 2,365 people who are long-term unemployed (claiming JSA for over 6 months) in Warwickshire in December 2013,  representing 2 in 5 job seekers in the county. Long term unemployment accounts for 0.7% of the resident working age population in December 2013. The numbers in long term unemployment has been steadily falling for the past six months with 610 fewer claimants since July 2013.

Warwickshire’s Quarterly Economic Briefing – December (Christmas Edition) 2013

Quarterly Economic BriefingWarwickshire County Council’s Economic Development Team and the Observatory have produced a Quarterly Economic Briefing for December 2013.  The newsletter includes:

  • Local News
  • Autumn Statement 2013
  • Key Message from Warwickshire’s Quality of Life 2013/14 report
  • Latest Economic Data
  • Inter-generational unemployment
  • The sub-region and the recession
  • Cambridge Econometrics Forecasts
  • Warwickshire Apprenticeships Update
  • Contact Us

To download the newsletter, please click on the link below:

Warwickshire’s Quarterly Economic Briefing – December (Christmas Edition) 2013

If you’ve got any feedback on the newsletter, both in terms of contact and design, please let us know using the comments box below or by emailing econdev@warwickshire.gov.uk and research@warwickshire.gov.uk

Warwickshire’s industrial specialisms

Earlier this month, ONS published a number of articles and associated data tools and interactive maps that explore the geographical spread of industries across Great Britain and allow users to investigate the data via excel tools and maps to see both how different industries are spatially located across the country and also what specialisms are to be found in different local authorities.  There is also an indicative tool that looks at local authorities with similar industrial structures. The underlying data used is data on employees from the Business Register Employment Survey (BRES).

Continue reading

Updated LEP League Table

WCC has produced a league table showing the relative performance of the 38 Local Enterprise Partnership areas.  Socio-economic data  was utilised, covering qualifications, labour force, knowledge industry economy and the recent ‘dynamics’ of the economies. For each individual data set, the LEP was ranked in terms of performance – with lowest scores being best and highest being worst. The rankings of these indicators are shown in the document below.

The ranked positions for all 10 indicators were then averaged together to create a final score (lowest being best). These final scores were then ranked in order to present the League Position. All 10 indicators have equal importance, and no weighting is used.

Coventry and Warwickshire performed 19th of 38 places. Red values indicate poor performance, amber values indicate average performance and green values indicate strong performance.

This work was undertaken by William McLaughlin as part of a work placement at Warwickshire County Council.

Local Enterprise Partnership League Table

District/Borough LEA Summaries published

During the development of the Coventry & Warwickshire Local Economic Assessment, it was recognised that local District/Borough LEA summaries would be beneficial to inform work and planning at a local level. The Observatory have been commissioned to undertake these summaries for the five Districts and Boroughs.  See each District/Borough profile below:

North Warwickshire LEA Summary Profile

Nuneaton & Bedworth LEA Summary Profile

Rugby Borough LEA Summary Profile

Stratford-on-Avon LEA Summary Profile

Warwick District LEA Summary Profile

Coventry & Warwickshire Economic Assessment published

The final draft of the Coventry & Warwickshire Economic Assessment has been published.  Download the document below:

Coventry & Warwickshire Economic Assessment – March 2011