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Wales Leads UK Employment Growth

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The employment rate in Wales has grown more than any other region of the UK, according to the latest official figures.

There were 18,000 more people in work than between April and June, an increase of 0.8% with 59,000 more people employed than at the same point last year, an increase of 2.5%, compared with the UK average of 0.5.

The rate of unemployment in Wales now stands at 3.8% compared with an average rate of 4.1% across the UK.

The Secretary of State for Wales, Alun Cairns, said:

It is “clear” the UK government is creating conditions for economic growth and job creation in Wales.

“By maximising the exporting potential of Welsh companies and encouraging inward investment, the UK government has successfully created a confidence in the Welsh economy that has facilitated the creation of jobs and prosperity,” he said.

First Minister Carwyn Jones, said:

The figures are again testament to the Welsh Government’s hard work to support and grow the resilience of businesses in Wales, and to make it easier for people to access quality jobs, closer to home.

With a Brexit deal yet to be secured, these remain challenging and uncertain times for business.

The new figures are indicative of a strong job market and deserves to be celebrated. But whilst Brexit negotiations remain uncertain and whilst the UK economy continues to grapple with the relative strength of the pound, it’s important to keep a critical eye.