1. ITV Report

Unemployment in Wales drops by 11,000 in three months

Unemployment across the UK has reached a 12 year low. Credit: PA images

Unemployment in Wales has fallen by 11,000 in the last quarter, according to new statistics.

The number of people unemployed now stands at 60,000 with the rate below the UK average at 4.0%.

less people out of work between June and August
total amont of people unemployed in Wales.

The latest data by the Office for National Statistics also shows Wales had the largest increase in workforce jobs across the whole of the UK for the period between June and August.

Despite this, Wales still as one of the lowest rates of employment - sitting only above Northern Ireland and the North East.

Today’s figures show that Wales has an unemployment rate that is lower than the UK average and that the unemployment rate here has fallen faster than in the rest of the UK over the quarter.

We are continuing to work hard to grow and build resilience within Wales’ economy and today we are launching the Development Bank of Wales - the first of its kind in the UK. The Development Bank will use Welsh Government funding to support investments that will help grow Wales’ economy both today and into the future and provide our businesses with the support they need to prosper and grow.

– Carwyn Jones, First Minister