GBSLEP Chair welcomes ‘encouraging’ unemployment figures
The publication by the Office of National Statistics of unemployment figures today (Wednesday) show the Greater Birmingham & Solihull Local Enterprise Partnership area has seen a further monthly decrease in unemployment from 58,238 (6.5%) in September to 55,550 (6.2%) in October.
This compares to 66,089 (7.4%) in October 2012 and 69,103 (7.7%) in October 2011.
Despite this, however, the GBSLEP unemployment rate is still above the UK (4.0%) and the West Midlands (5.1%).
Andy Street, GBSLEP Chair, said: “While we are always cautious about putting too much faith in statistics presented in isolation, the continuing downward trend in unemployment in Greater Birmingham is encouraging.
“For the ninth successive month, the total has either decreased or remained static and we would hope this is a pattern that continues.
“If we look at this alongside Greater Birmingham’s success in attracting inward investment and our recent figures that show 19,000 new private sector jobs were created in 2011-12, we see plenty to provide us with cautious optimism.
“There is a feeling our businesses are fighting back and are gradually turning the corner.
“With the work were are doing as a LEP and the exciting proposals being developed as part of our submission to the Local Growth Fund, we have longer-term job creation plans that will take us further.”