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Birmingham Post
Birmingham Post
Business
Owen Hughes

Wales sees unemployment rate fall to 4.4%

The number of people unemployed in Wales fell in the three months to December according to the Office of National Statistics.

This morning the ONS published its latest labour market figures - showing Wales had an unemployment rate of 4.4%, down from 4.6%.

This compares to a UK unemployment rate of 5.1% - the highest rate for five years.

In Wales there were 68,000 people looking for work and the number of people employed grew by 14,000 compared with the previous figures.

While the figure was positive compared to the last three months it is well up on the 3.3% unemployment rate in Wales before the pandemic hit.

There are also huge concerns about what will happen when furlough and other government support ends.

Parts of the Welsh economy like non-essential retail, hospitality and hair and beauty salons have been in lockdown since December 20.

Wales also continues to have among the highest rate of people classed as economically inactive - at 24.3%.

These could be full-time carers or students, and people who are on long-term sick or have taken early retirement.

Economy Minister Ken Skates said: “The ongoing impact of coronavirus on all our lives means that these are incredibly tough times for our economy.

"While it is encouraging that these latest figures show that the employment rate in Wales has risen in the last three months, and that unemployment here is still well below the UK rate, we know there are still challenging times ahead.

“Coronavirus has had a stark impact on our businesses and our people and as a Welsh Government we have acted swiftly and decisively to  protect them.

"Since the start of the pandemic we’ve provided the most generous package of support for businesses anywhere in the UK, worth over £2bn.

"More than £1.75bn of that is now in the bank accounts of Welsh businesses, and our support has helped to protect over 125,000 jobs that might otherwise be lost."

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