Mark Hoban is the UK Minister for Employment, and he says that although there's more work to be done to reduce unemployment levels in Wales there are some 'positive signs' with new firms opening.
For the second month running we are seeing another worrying increase in the number of unemployed in Wales. However compared to a year ago, the figures are more favourable, showing how volatile the situation is in Wales. Our latest quarterly index revealed today shows that small businesses in Wales are significantly more confident than they were this time last year.
– Janet Jones, Welsh Policy Unit Chair for the Federation of Small Businesses
We need to hear measures from the Chancellor today to boost that confidence and give a helping hand to small businesses. He must deliver a Budget for business that will give clear tools to small firms to create jobs and wealth. We know that smaller firms can be an important pathway back to work for the long-term unemployed.
The number of unemployed has risen in Wales again. In the 3 months to January it was up by 7000 to 125,000. That's a rate of 8.4%