During February 2012, the number of people unemployed and claiming benefits in Lincolnshire increased by 358 people (2%) on the previous month. In total, 16,390 people in Lincolnshire were claiming unemployment benefit during January (11% more than at the same time last year). Lincolnshire’s overall unemployment rate has increased 0.1% to 3.8%, but remains below regional and national rates of 4.0% and 4.1% respectively, both of which also increased by 0.1%.
Job announcements this month include:
- Work has started on a new Lincoln hotel which will create 50 jobs
- A fast food outlet and a new pub are being built in Gainsborough, creating 115 jobs between them
- A Lincolnshire-based charity that provides further education for learning disabled students has announced it will cut up to 350 jobs
- 40 jobs were lost from a Skegness based company when it ceased trading at the beginning of the month
- A new bar in Lincoln will create up to 12 jobs
From BBC News
The Reserve Bank of India cuts its key interest rate, in a surprise move for the second time this year.
Australia's economy grew 2.5% in the fourth quarter from a year earlier, marking its slowest pace of annual growth last year.
Incomes for those of working age are still below pre-crisis levels, according to research by the Institute of Fiscal Studies (IFS).
This briefing provides an up to date national, regional and local overview of how businesses are faring.
Part of the Drivers for Change series. The economic assessment for Lincolnshire aims to provide a clear understanding of the county’s economy – including the current position and how it may change in the future.
Key national indicators
Quarterly change in Gross Domestic Product more >>
Quarterly change in services output more >>
Monthly change in manufacturing output more >>
Monthly average exchange rate (£) more >>
Office for National Statistics
Estimates of the value and numbers of mergers, acquisitions and disposals involving UK companies with values of £1.0 million or more. The information provided reflects solely the change in majority ownership (ordinary shares) and therefore only transactions which result in a change of ultimate control of the target company are included.
Estimates for Young People who are Not in Education, Employment or Training (NEET).
The monthly movements in gross value added for the service industries, which overall account for around 78.4% of UK Gross Domestic Product (GDP).
Provisional long-term International migration data. A coordinated release between the ONS, Home Office and DWP.