Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Wales only part of UK to see employment fall

by August 18, 2022
August 18, 2022
Wales only part of UK to see employment fall

Unemployment in Wales continues to be low but it has become the only UK area where the number of people employed fell in the three months to June.

The jobless rate is 3.8%, the same as for the UK as a whole, according to the Office for National Statistics (ONS).

Meanwhile, pay has dropped by 3% on the year when taking into account rising prices, according to its latest data.

Household budgets have been hit by soaring energy bills as well as higher food and fuel costs in recent months.

The figures show that Wales has also seen the biggest increase in the number of people not working but not available for work between March and June.

That could be for a number of reasons, including being unwell, caring for someone or being a full-time student.

As a result, across Wales there were 7,000 fewer employed in June than in the first three months of the year.

For those people in work, pay has been rising but with prices rising much more steeply, the ONS said regular pay fell at the sharpest rate on record between April and June .

In terms of what wages can buy, average pay fell by 3% across the UK compared with a year ago.

Prices are rising at a rate of 9.4% and there are warnings that the economy will stop growing and fall into recession.

Darren Morgan, director of economic statistics at the ONS, said the “real value” of pay was continuing to fall.

“Excluding bonuses, it is still dropping faster than at any time since comparable records began in 2001,” he said.

Read more:
Wales only part of UK to see employment fall

0
FacebookTwitterGoogle +Pinterest
previous post
The Ord Oracle August 16, 2022
next post
Iceland to offer interest-free loans to customers as cost of living crisis bites

You may also like

Confluent for Startups Program launches in the UK...

July 4, 2023

Northern Arc: Liverpool and Manchester set to unite...

March 13, 2025

Mid-year slump in business confidence confirmed by July...

July 31, 2023

Getting To Know You: Lionel Lodge, CEO &...

January 22, 2023

Isle of Man to freeze electricity prices until...

August 26, 2022

Quick Login to AmourFactory: A Beginner’s Guide

June 5, 2025

French tax adds to woes of British second...

August 30, 2023

Evri says sorry for parcel delays in run-up...

December 9, 2022

Getting to Know You: Dr. Jon Marashi, Cosmetic...

September 14, 2022

Thousands of Over-50s Embrace Second Careers to Pursue...

November 22, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • ‘Congress must act’: Nonprofit study exposes green energy org’s ties to CCP interests while undermining US

      June 11, 2025
    • GOP congressman takes major step toward gubernatorial announcement

      June 11, 2025
    • DOJ argues Trump may cancel Biden-era national monuments

      June 11, 2025
    • Government’s spending surge to trigger significant tax rises, says leading advisory firm

      June 11, 2025
    • Republican senator teams up with Democrat to push $15 per hour minimum wage plus annual inflation increases

      June 11, 2025
    • House of Lords AI summit at London Tech Week warns of ‘skills cliff edge’ threatening UK’s competitive future

      June 11, 2025

    Categories

    • Business (8,184)
    • Investing (2,027)
    • Politics (15,595)
    • Stocks (3,141)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved