GBSLEP Chair responds to latest unemployment figures
The Greater Birmingham & Solihull LEP, today responded to ONS statistics which show unadjusted unemployment in the GBSLEP stands at 63,948 in December 2012, a rate of 7.2%. This compares to 64,825 (7.3%) in November 2012. Compared to December 2011, unemployment in the LEP was 4,845 lower in December 2012.
Andy Street, GBSLEP Chair, said: “While it is always important to approach employment figures with caution, we can be pleased to note that unemployment in the GBSLEP area fell to 63,948 in December 2012.
“This is a fall of 877 from the previous month but if we compare it to December 2011, we see a decrease of 4,845 over the 12 months.
“Even given seasonal fluctuations, this is an encouraging trend and one that we are hoping to continue.
“In terms of the outlook, we have reason to be positive.
“Several of the GBSLEP business support initiatives – such as the Advanced Manufacturing Supply Chain Initiative, Growing and Business Development Programme – are now starting to have an impact and Jaguar Land Rover recently announced 800 new jobs in Solihull using investment secured from the Regional Growth Fund, with LEP support.
“We are not complacent – we know we have plenty more to do – but we can look forward with confidence.”