Briefings and Blog

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We are all in this together

We are all in this together – or are we?  The traditional economist view is, of course, yes: we are all part of one big economy, we all have a role to play and the actions of one economic agent will impact on another.  I recall my very first...

All Aboard..

With this months figures showing the employment train is leaving ‘Recession Station’ the immediate question has to be where is it going?  Nationally the rate of unemployment has fallen and the number in employment has risen.  For Devon the number of...

Chief Economist’s Blog – How strong is Devon’s economy?

This really depends on how you define strong.  There are a number of indicators where Devon performs well and a number of others where the county performs less well. Unemployment for example is and has been for some time, lower than the national...

Welcome to the new Devon County Council Economy Blog

This blog will be keeping you regularly updated with key information that has an effect on the Devon economy. Rob Hetherington, Devon County Council’s Chief Economist will be sharing his views on the economy.

Briefings

Job Seekers Allowance Analysis - January 2012

The number of people claiming Job Seekers Allowance (JSA) has risen from 9,829 in November to 10,194 in December, this is an increase of 365 claimants and represents a 3.7% increase from the previous month.The latest figures follow the UK trend, which has seen a 0.6% increase in the number of people claiming JSA between November and December. However, in terms of the percentage of the working age population (16-64) who are in receipt of this out of work benefit, the rate has increased from 2.1% to 2.2% in Devon and remains at 3.9% for the UK, so from this perspective, Devon is still bucking the national trend. The rate of JSA claimants also continues to remain below that of our neighbouring areas, a trend which has continued post recession.

Job Seekers Allowance Analysis - December 2011

The number of people claiming Job Seekers Allowance (JSA) has risen from 9,516 in October to 9,829 in November, this is an increase of 313 claimants and represents a 3.3% increase from the previous month. The latest figures buck the UK trend, which has seen a slight decrease (0.2%) in the number of people claiming JSA between October and November. However, in terms of the percentage of the working age population (16-64) who are in receipt of this out of work benefit, the rate remains unchanged in both Devon and the UK. The rate of JSA claimants continues to stand at 2.1% in Devon and encouragingly remains below the UK average and that of our neighbouring areas, a trend which has continued post recession.

 

The Chancellor's Autumn Statement November 2011

In the run up to the Chancellor’s Autumn Statement, there was fierce speculation about whether
the Government would waiver from its stated budget deficit reduction plan. Sluggish economic
growth, high unemployment and suggestions that the Government would fall short of meeting its
target to reduce the budget deficit all pointed to a need for a much more interventionist growth
strategy. But if the Government is to stick to Plan A in terms of deficit reduction, how will it do this?
In the days running up to the publication of the statement and the OBR report, numerous
Government announcements trailed what might appear. Many of them were confirmed today, and
the focus remains firmly on deficit reduction, but with a redistribution of funds at the margins.