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Record High Employment in Wales

1,400,000 in work, according to ONS

The number of people working in Wales is at a record high, according to latest figures.

The were 1,400,000 in work in the three months to January - a 51,000 rise on the same quarter last year.

Unemployment was also down 8,000 on the same period to 79,000.

First Minister Carwyn Jones said: "Today's figures show a sharp decline in the rate of unemployment in Wales and employment rate at an historic record high. The labour market in Wales continues to outperform the UK as a whole and the Welsh economy is going from strength to strength.

"Last month I welcomed Aston Martin to Wales. This is a world-class company that was attracted with Welsh Government support against fierce competition from more than 20 other potential locations worldwide. They will create more than 750 highly-skilled jobs at St Athan, with a further 1000 jobs being created across the supply chain and local businesses as a direct result of the investment.

"Meanwhile, an expansion by MotoNovo Finance, announced yesterday and secured with Welsh Government support, will create almost 600 new jobs. The investment will see the insurer, owned by South African based FirstRand Bank, expand and diversify into new markets and relocate its headquarters to Central Cardiff Enterprise Zone, bringing its total jobs number to over 1000 by 2021."
 
Employment Minister Priti Patel said: "This is another strong set of figures showing private sector employment at the highest since records began, wages rising and a near record number of job vacancies available in the UK economy. This strength is a real credit to hard-working people and businesses alike.
 
"There are a record number of people in work in Wales, over 1.4 million people - with 50,000 more in the last year alone.
 
"With unemployment now standing at 5.1% - half the Eurozone average - it's clear that we are delivering on our promise to support people to get on in life, and create greater economic security for all."
 
 

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