1. ITV Report

Unemployment in Wales at the lowest level 'since records began'

Credit: PA

The unemployment rate in Wales has fallen to 3.8% - the lowest level since records began.

According to the latest figures, the rate is lower than the UK rate of 4%.

There are currently 59,000 people unemployed in Wales.

The Welsh Secretary, Alun Cairns MP, said the figures showed that Wales was 'really back in business'.

Unemployment in Wales

Unemployment in Wales now stands at 3.8%, the lowest level since records began and outperforming the UK as a whole. At 74.8%, employment in Wales is 2.4 percentage points up on this time last year.

Today’s figures are testament to the support we provide to businesses in Wales.

Only today Aston Martin announced that St Athan is to become the centre for electrification and the home of its Lagonda brand which is another huge vote of confidence in the Welsh Government’s ‘can do’ attitude.

We will continue to do everything we can to build on this success and ensure our economy is in the strongest possible position to face the significant challenges ahead.

– First Minister Carwyn Jones

These are a superb set of employment figures for Wales and are testament to the UK Government’s ability to create the climate where businesses can thrive and are confident about the opportunities facing them.

Our priority is to see every part of the UK benefitting from the strengthening economy. The fact that Wales unemployment rate has now fallen below the UK average shows that Wales is really back in business.

Today’s figures, coupled with the announcement that the Aston Martin’s will be investing a further £50million in its new manufacturing facility at St Athan are proof positive of the wave of optimism and ambition flowing through the Welsh economy right now, and I hope to see this upward trend continue over the months and years ahead.

– Welsh Secretary, Alun Cairns MP