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Unemployment numbers fall in Wales | Unemployment numbers fall in Wales |
(about 1 hour later) | |
The number of people looking for work in Wales has dropped to 93,000 - from 100,000 in the previous quarter, official figures show. | The number of people looking for work in Wales has dropped to 93,000 - from 100,000 in the previous quarter, official figures show. |
There has also been an increase in those with jobs - up 56,000 on the same time last year. | There has also been an increase in those with jobs - up 56,000 on the same time last year. |
First Minister Carwyn Jones said Wales was continuing to "outperform" the rest of the UK on increasing employment. | |
Welsh Secretary Stephen Crabb said there was now a "golden opportunity" for Wales to raise its sights. | Welsh Secretary Stephen Crabb said there was now a "golden opportunity" for Wales to raise its sights. |
However, Wales still has one of the lowest overall levels of employment in the UK at 70.9% - only Northern Ireland and north east England have lower rates. | However, Wales still has one of the lowest overall levels of employment in the UK at 70.9% - only Northern Ireland and north east England have lower rates. |
But Carwyn Jones hailed the latest set of economic figures as vindication for Welsh government policies. | |
"Over the past 12 months employment in Wales has increased at a faster rate than almost everywhere else in UK and now stands at a level close to a historic high," he said. | |
"Our commitment to helping create new jobs and assisting more people into work or training in Wales is unrelenting." | |
The Welsh Secretary was also quick to praise the UK government's economic record. | |
"This Government has done a lot of the heavy lifting over the past five years to create the right conditions for growth," he said. | |
"Now is the time to raise both our sights and our ambition. | |
"Wales doesn't have to languish at the bottom of the league tables and we now have a golden opportunity to close the productivity gap on the rest of the country and shake off our historic reputation as the 'sick man of Britain'." | |
ANALYSIS by Sarah Dickins, BBC Wales economics correspondent | |
Despite the fact employment in Wales is 56,000 higher than a year ago, Wales still has one of the lowest levels of employment in the UK. | |
That is largely due to high levels of economic inactivity, people not working nor available to work. | |
In Wales, that accounts for 24.2% of 16-64 years olds. | |
Only Northern Ireland (27.6%) and the North East of England ( 25.4% ) have higher levels of economic inactivity. |
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