Wales' unemployment rate drops to 3.7%

In the three months between October and November, unemployment in Wales fell again.

14 December 2021 Tuesday 13:13
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Wales' unemployment rate drops to 3.7%

The total number of jobless was 56,000, or 3.7% of all those aged over 16. This is lower than the 4.2% average for the UK.

Comparatively to the three months prior to July, unemployment fell by 9,000

According to the Office for National Statistics, it has fallen by 14,000 since October last year.

The UK saw the greatest annual drop in economic activity in Wales, with the rate falling by 1.1 percentage points and reaching 23.2%.

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Analysis by Huw Thomas, BBC Wales' Money Correspondent

The Welsh labour market is strong, with more people employed than ever before the pandemic.

Although there is not a clear impact on unemployment after September's furlough, some employees who were laid off might still be working during their notice period.

It will take several months before the statistics reflect the true effect of furlough's ending.

Those who work are likely to feel that their paychecks are shrinking, even though there is high employment.

The inflation rate is expected to continue rising until May next year. This will make living more expensive for all, regardless of whether or not they are employed.

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