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).

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Warwickshire’s unemployment falls for September, mirroring national trend

Warwickshire’s unemployment figures have fallen in September 2012 to 7,903 Job Seekers’ Allowance Claimants in the County; a rate of 2.3% of the resident working age population and 2.9% of the economically active population. This represents a fall of 164 claimants or 2% from the previous month, mirroring the national trend.

Although Warwickshire has seen a considerable fall in claimants over the past month, this is not uniform across the Districts/Boroughs.  Rugby saw a fall of 5.7% (or 83 claimants) from August to September 2012 compared to Nuneaton and Bedworth and Stratford-on-Avon which both remained static from the previous month (0%).

The broader ILO definition of unemployment for the UK for the three months to August 2012 was 7.9%. The rate was down 0.2 percentage points on the previous quarter.

Warwickshire’s unemployment figures are presented in the briefing below:

Unemployment Update – September 2012

Foreign owned businesses in Coventry and Warwickshire

A recent report by the national LEP Network highlighted Coventry & Warwickshire as having the highest proportion of employment in foreign-owned businesses out of the 39 LEP areas (Coventry and Warwickshire has 27.8% of total employment in foreign-owned enterprises).

As a result of this, the Observatory has mapped Coventry and Warwickshire’s Foreign Owned Firms (current trading firms whose ultimate parent is based outside the UK) from data provided by TBR Observatory, 2012.

Coventry & Warwickshire Foreign Owned Firms

LEP Network Annual Report 2012

Out of the 1,035 firms listed in the Coventry and Warwickshire LEP area, the USA and Germany both have over 200 firms  based in the sub-region.  Although, as can be seen from the map, there are a number of parent companies scattered across various countries around the world with firms operating in the Coventry and Warwickshire economy.  These close ties to the global economy highlight that these firms will not only be directly influenced by conditions in Coventry and Warwickshire and more broadly, the UK but also will be influenced and impacted by economic conditions in their ultimate parent country.

Unemployment in Warwickshire hovers around 8,000

The Job Seekers’ Allowance (JSA) claimant count in July 2012 was 8,052 in Warwickshire; a rate of 2.4% of the resident working age population and 3.0% of the economically active population. This represents a slight increase of 37 claimants or 0.5% from the previous month.

Warwickshire’s claimant count saw a very small increase over the past month, mirroring the trend seen regionally and nationally.

The broader ILO definition of unemployment for the UK for the three months to June 2012 was 8.0%. The rate was down 0.2 percentage points on the previous quarter.

Unemployment Update – July 2012

Coventry and Warwickshire Labour Market Summary

The latest quarterly Summary shows that the number of Job Seekers Allowance claimants has fallen again and now stands at 17,904.  This is 1,104 less than in June 2011.  The biggest fall at a district level in Warwickshire over the last three months was in Stratford on Avon District.  When expressed as a percentage of the working age population claimant rates continue to be highest in Coventry and lowest in Stratford on Avon – however the rates in Coventry and all the districts and Boroughs in Warwickshire have also fallen. 

The number of notified vacancies is now 9,037, a rise of just over 2,000 since March.  Just under a fifth of the vacancies were for care assistants and home carers. 

The full report, including more detailed information on out of work benefits and the top 10 JSA & worklessness rates by ward, can be accessed via this link: Labour Market Summary – July 2012

Niche Sectoral Strengths of the Coventry & Warwickshire Economy

The Coventry & Warwickshire Local Enterprise Partnership (CWLEP) commissioned an inward investment specialist to help partners to better understand the particular and specific competitive advantages and key sectoral strengths of the local economy.

The area’s competitive strengths were reviewed from the perspective of inward investors and benchmarked against key competitor locations nationally and internationally.

The review concluded that the most interesting and competitive opportunities for Coventry and Warwickshire were in:

  • Low Carbon Transport Technologies
  • Intelligent Transport Systems
  • Motorsport
  • High Value Manufacturing
  • Serious Games
  • UK Headquarters

Other strengths such as Aerospace, Digital Media, Renewable Energy and Medical Technologies are all important for the area, but the offer is deemed not as competitive and the strengths are found in dozens of other locations to a greater or lesser degree.

The full report can be accessed below:

Niche Sectoral Strengths of the Coventry & Warwickshire Economy

Unemployment falls for the third month in Warwickshire

The Job Seekers’ Allowance (JSA) claimant count in May 2012 was 8,338 in Warwickshire; a rate of 2.5% of the resident working age population and 3.1% of the economically active population. This represents a fall of 246 claimants or 2.9% from the previous month.

Warwickshire’s claimant count has fallen over the past month continuing the downward trend seen in March and April however, this follows significant increases in claimants in January and February 2012.

The broader ILO definition of unemployment for the UK for the three months to April 2012 was 8.2%. The rate was down 0.2 percentage points on the previous quarter.

Unemployment update – May 2012