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 - September 2011

The number of people claiming Job Seekers Allowance (JSA) this month has risen from 9,104 in July to
9,409 in August, representing an increase of 3.4% month on month. The percentage of the total working age population who are in receipt of this out of work benefit has increased from 2.0% in July to 2.1% in August. This follows the trend seen nationally (UK), where there has been a 2.3% increase for the same period. Nonetheless the rate of JSA claimants in Devon continues to remain below that in our neighbouring areas and significantly below the national average, as it has done over the past twelve months.

Job Seekers Allowance Analysis - August 2011

The number of people claiming Job Seekers Allowance (JSA) this month has risen from 8,855 in June to
9,104 in July, representing an increase of 2.8% month on month. The percentage of the total working age
population who are in receipt of this out of work benefit has increased from 1.9% in June to 2.0% in July. This follows the trend seen nationally (UK), where there has been a 3.3% increase for the same period. The rate of JSA claimants in Devon continues to remain below that in our neighbouring areas and below the national average, as it has done over the past twelve months.

Quarterly Economic Bulletin 2nd Qtr 2011

The political and economic unrest witnessed at the start of the year continues to impact on
the global economy. Business surveys suggest that the pace of global growth has slowed, as
the impact of the Japanese earthquake, Eurozone fiscal concerns and rising commodity
prices continue to suppress activity in major economies. Any worldwide slowdown is likely to
impact directly upon UK economic performance and by default Devon’s economy, making
export led recovery challenging. This makes for a difficult balancing act for the UK where
manufacturing is less significant than in competitor economies; imports of consumer goods
are high, but invisible monetary transfers to the UK through the massive financial sector in
the city of London are also very high.