LRO Home | Help

Economy Dashboard: February 2012 Data

February 2012 claimant rates by ward more >>

Map showing claimants

 Claimant ratesHighest Ward rate in district% change in unemployment since February 2011
 February 11February 12WardRateWardChange
England and Wales3.7%4.1%    
East Midlands3.5%4.0%    
Lincolnshire3.4%3.8%    
 
Boston3.8%4.2%Fenside8.2%Pilgrim1.2%
East Lindsey3.9%4.3%Scarbrough11.3%Trinity2.7%
Lincoln4.9%5.5%Abbey9.1%Abbey1.6%
North Kesteven2.1%2.4%Sleaford Westholme6.1%Sleaford Westholme2.0%
South Holland3.2%3.4%Spalding St Paul's5.6%Sutton Bridge0.9%
South Kesteven2.6%2.9%Earlesfield7.4%Morkery1.8%
West Lindsey3.4%4.1%Gainsborough SW12.7%Gainsborough SW2.0%
indicators

Unemployment rate more >>

Chart showing unemployment.

Number of jobseeker claimants per vacancy more >>

Chart showing number of jobseeker claimants to job vacancies

Vacancies notified to JobCentre Plus (rate per 100 persons aged 16+) more >>

Chart showing vacancies notified to JobCentre Plus (rate per 100 persons aged 16+)

Average house prices (£ thousands)

Chart showing average house prices

Repossession claims per 1,000 population

Chart showing repossessions

Local headlines

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

China growth slows to five-year low

China's economy grows at its slowest pace since the global financial crisis, causing speculation the government may introduce more stimulus measures.

Public borrowing rises in September

Government borrowing rises in September to £11.8bn, which will limit the government's options in the run-up to next year's election economists say.

Rising property values prompt loans

Borrowing drawing on the equity tied up in people's property hits its highest quarterly level since records began in 2002, figures show.

Useful links

Lincolnshire Economic and Business Briefing

This briefing provides an up to date national, regional and local overview of how businesses are faring.

Lincolnshire – A Local Economic Assessment 2011

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 >>

Chart showing change in gross domestic product

Quarterly change in services output more >>

Chart showing change in services output

Monthly change in manufacturing output more >>

Chart showing change in manufacturing output

Monthly average exchange rate (£) more >>

Chart showing exchange rate of pound agains dollar and euro

Office for National Statistics

Public Sector Finances, September 2014

Indicators of UK government fiscal performance: Public Sector Current Budget Deficit (PSCB), Net Borrowing (PSNB), Net Debt (PSND) and PSND as a percentage of GDP.

EU Government Deficit and Debt Return, September 2014

The estimates in this release have been supplied to the European Commission by ONS in accordance with the schedules in the Excessive Deficit Procedure. Forecasts for future years are provided separately by HM Treasury.

International Comparisons of Productivity - First Estimates, 2013

An international comparison of labour productivity across the G7 nations, in terms of levels of and growth in GDP per hour and GDP per worker.

Crime in England and Wales, Year Ending June 2014

Crime statistics from the Crime Survey for England and Wales and police recorded crime.