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

Quality of Life in Warwickshire 2013/14 report published

Quality of Life

Today the team is publishing our annual Quality of Life in Warwickshire report, which provides a detailed look at the people, places and communities in our county. The report is an assessment of the demographic, social, economic and environmental themes that all play a part in influencing our residents’ quality of life.

The need for this type of material is more important than ever, as increasingly limited resources need to be deployed in transparent, evidence-led ways. The Quality of Life in Warwickshire report continues to provide local decision makers in the public, private, and voluntary sectors with that evidence base so that improving the lives of all of Warwickshire’s residents remains our collective priority.

New in this year’s report is the inclusion of 2011 Census data across a number of the themes, resulting in several new indicators. Our 2011 Census prospectus gives further details of the team’s work in this area.

As in previous reports, we’ve started each section with a ‘data visualisation’, designed to stimulate your interest and make the statistics more engaging. We’ve also continued with the Interactive Maps in this year’s report. This provides users with a tool for viewing and analysing many of the datasets included in the report at a very local level.

To find out more please click on the link below to download the report:

Quality of Life in Warwickshire 2013/14 report (6.8 MB)

Continue reading

Unemployment continues to fall into November

unemployment2Claimant count continues to fall into November 2012 in Warwickshire.  The Job Seekers’ Allowance (JSA) claimant count in November 2012 was 7,550 in Warwickshire; a rate of 2.2% of the resident working age population and 2.8% of the economically active population. This represents a fall of 129 claimants or -1.7% from the previous month, a larger percentage fall than seen nationally (-0.8%).

The fall in the County figure over the past month has been reflected across four out of the five Districts/Boroughs albeit to varying extents.  Stratford-on-Avon and Rugby saw falls of 7.3% and 6.4% respectively compared to North Warwickshire which saw a 2.8% increase from October 2012.  Warwickshire has a lower claimant rate than this time last year with more than 700 fewer claimants recorded in November 2012.

Warwickshire figures are in the document below:

Warwickshire’s unemployment update – November 2012

Unemployment falls across Warwickshire in October

October’s unemployment figures published this week show Warwickshire’s claimant count rate falling by 224 claimants or 2.8% from September 2012 to October 2012.  The Job Seekers’ Allowance (JSA) claimant count in October 2012 was 7,679 in Warwickshire; a rate of 2.3% of the resident working age population and 2.8% of the economically active population.

Unlike previous months, the fall in the County figure over the past month has been reflected across the Districts/Boroughs albeit to varying extents.  North Warwickshire and Stratford-on-Avon saw falls of 5.4% and 5.3% respectively from September to October 2012 compared to Rugby which saw a more modest 0.9% fall.

The number of JSA claimants aged 18-24 and the number of long-term unemployed in the county have both decreased over the last month.

For the latest figures, click on the link below:

Unemployment Update – October 2012

Coventry and Warwickshire Labour Market Summary

The Summary for quarter two has just been published and shows that, following a small rise in the numbers of job seeker allowance claimants in July and August, the numbers fell again in September – they now stand at 17,644.   This is a fall of 2,161 from September 2011.   The claimant rates for the working age population are highest in Coventry and lowest in Stratford-on-Avon District.  The percentage of claimants in the the age groups 18-24, 25-49 and 50-64 have also fallen in the last quarter.  The number of notified vacancies in Coventry and Warwickshire rose by 22.5% between June and September and the numbers of claimants by vacancy has fallen. 

A comparison of the overall number of benefit claimants in February 2011 and February this year shows that the number has remained relatively static.  Worklessness rates however have risen in both Coventry and Warwickshire. 

The full report can be found here: Labour Market Summary – Oct 2012