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March 2010 - Hold Tight!

Unemployment in Devon is holding tight at 2.5% with no significant change in the number of people claiming Job Seekers Allowance this month. The number did edge up slightly to 10,766 (an increase of just 62 people) but things could have been much worse. Activity in the labour market picked up slightly with significant churn returning to the labour market - over 2,500 people stopped claiming JSA only slightly less then the number of new claimants (overall churn increase by around a quarter – a significant step in activity).

February 2010 - Quite Contrary

Unfortunately the Devon economy has stopped being contrary. After months of resisting the national trends January saw an unwelcome leap in Job Seekers Allowance Claimants with an increase in unemployment from 9,734 in December to 10,704– a jump of almost 10%. This is the first time since September 2009 that figures have exceeded 10,000 and the largest monthly increase since February 2009 and the highest number of Claimants since May 2009.

January 2010 - On the Up!

Despite the rapid onset of unemployment increases, the Devon economy has stabilised relatively quickly over the past nine months and remained roughly constant at around 10,000 JSA claimants through the summer of 2009 and into the winter. The unemployment rate during this period has been nearly half that of the national average.