The latest National Statistics on the labour market produced by the Office for National Statistics published on 14 November show a trend towards increased employment and a decrease in unemployment.
The Labour Force Survey estimates for the 3 months to September 2012 show:
- The employment rate for those aged 16-64 in Wales was 69.0 per cent, up 1.3 percentage points from the same period a year earlier. The UK average was 71.2 per cent, up 1.0 percentage point from the same period a year earlier.
- The unemployment rate in Wales was 8.2 per cent of the economically active, down 1.1 percentage points from the same period a year earlier. For the UK as a whole it was 7.8 per cent, down 0.4 percentage points from the same period a year earlier.
Business Minister Edwina Hart said:
"Today's figures show some encouraging signs for Wales as they continue the positive trend towards increased employment and a decrease in unemployment.
"However, unemployment in Wales is still much too high and more needs to be done to strengthen our economic performance and to support more people, especially the young who are worst affected, back into jobs or retraining. The UK Government needs to better promote growth as its economic policy based on spending cuts is not working.
"As the Welsh Government, we are taking clear actions and are doing all we can within our powers to help people back into jobs or training. For example 4000 job opportunities have already been created this year through our flagship employment scheme, Jobs Growth Wales. And our Business Start-up programme has helped establish 4,350 new enterprises and create more than 10,000 jobs to date - with a further 13,000 jobs set to be created by June 2015."