I was in two minds whether to blog on the unemployment figures given that I think little will change in the Welsh Economy despite the figures, but there’s no doubt yesterday’s unemployment figures were another blow for the Welsh Economy and the workforce, Unemployment in Wales is now 133,000 or 9.2% and there is no hiding for the Labour Government however they spin them.
The figures are bad, but what is more depressing is that high unemployment and inactivity rates are facts of life in Wales rather than occasional news headlines during a recession.
And anyone who knows anything about the economy wasn't surprised by the rise in unemployment figures for the simple fact that so little has been done to change the makeup of the Welsh economy by all Governments since the last recession, Wales is still characterised by low skilled jobs that are easily moved abroad, an over reliance on the public sector and high failure rates for businesses to name but a few problems.
And as well as the drop in income caused by unemployment there are also the other related issues such as a loss of self confidence, increased anxiety and stress that seem to go unrecognised by the policy makers and need to be addressed.
No doubt Welsh unemployment figures will continue to rise after budgets are cuts to reduce the UK deficit followed by the usual one dimensional political responses that come on days like these, but sadly I don’t see things changing whoever gets elected because there is a distinct lack of political will to challenge to status quo.
It seems Wales is destined to be struck in the same rut for many years to come.Any source
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