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Unemployment rate dips in Wales during lockdown

Unemployment rate dips in Wales during lockdown

The number of people out of work in Wales has fallen slightly over the last three months, according to the latest official figures. There are now 41,000 across Wales unemployed, suggests the Office for National Statistics. It is an unemployment rate of 2.7% compared to the UK-wide rate of 3.9% for the period of March

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The number of people out of work in Wales has fallen slightly over the last three months, according to the latest official figures.

There are now 41,000 across Wales unemployed, suggests the Office for National Statistics.

It is an unemployment rate of 2.7% compared to the UK-wide rate of 3.9% for the period of March to May.

However, the figures do not reflect the levels of people who have been placed on furlough in Wales due to Covid-19.

Figures released on Wednesday show 378,000 people in Wales were on the UK government’s job retention scheme – 32% of the workforce in Wales have taken up a furlough offer, says the ONS.

The Dwyfor Meirionnydd constituency in Gwynedd has the second highest furlough take-up in the UK at 40%.

The drop in unemployment in Wales represents a 1% fall in the overall rate.

However, the latest figures do not reflect recent announcements on large job losses announced at Airbus in Flintshire, BA and GE Aviation in south Wales, and at the Celtic Manor Resort in Newport.

Across the rest of the UK, Scotland also saw a drop in unemployment, while England and Northern Ireland saw small increases.

Overall, the number of workers on UK payrolls has fallen by 649,000 between March and June, official figures indicate.

The number of people claiming work-related benefits – including the unemployed – was 2.6 million.

However, one think tank has warned it believes the way the UK reports unemployment may not reflect the “true scale of joblessness”.

The Resolution Foundation argues that the 23% drop in average hours worked between early March and late April is a better indicator of unemployment.

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